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3407 Miller Rd
Flint, MI 48507
Retail Property For Sale
Investment Highlights
- 14 years remaining on this absolute net lease. Below market rent with 2% annual incereases annually.
- One of the Largest Retailers Dedicated to Men’s Clothing Providing Scale and Leverage Across Brands. Strong Demographics and Traffic Counts.
- The tenant is K & G Fashion Superstore Inc, a wholly owned subsidiary of Tailored Brands with over 80 stores in the United States.
Executive Summary
Richard O'Connor at Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a retail property owned and operated by Tailored Brands. Located in Flint, MI the asset is comprised of 20,000 square feet on a total of 1.51 acres. The tenant K & G Fashion Superstore is a wholly owned subsidiary of Tailored Brands with over 80 stores in the United States. Tailored Brands is a leading omnichannel specialty retailer of menswear including suits, formalwear, sportswear and a broad selection of business casual offerings. Their brands include Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore. Tailored Brands operates over 1,000 stores in the U.S. and Canada, and ships to 150+ countries worldwide. Products are manufactured in 14 countries across 4 continents. Annual revenue exceeds $2.9 billion. Fourteen years remaining on the Absolute Net Lease with 2% annual increases. The below market rent of $8.93 a Square Foot allow for rental appreciation in the future.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,000 SF
Building Class
C
Year Built
1986
Price
$3,100,302 CAD
Price Per SF
$155.02 CAD
Cap Rate
8.22%
NOI
$254,820 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
1.51 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
30 Spaces (1.5 Spaces per 1,000 SF Leased)
Frontage
165’ on Miller Rd
Amenities
- Bus Line
- Pylon Sign
Property Taxes
| Parcel Number | 07-27-100-016 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,685,007 CAD |
Property Taxes
Parcel Number
07-27-100-016
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,685,007 CAD
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