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Buick City Center 3620-3640 Miller Rd 50,100 SF 100% Leased Retail Building Flint, MI 48507 $4,999,441 CAD ($99.79 CAD/SF) 9.12% Cap Rate
Executive Summary
Mid-America Real Estate – Michigan is pleased to present the opportunity to acquire a 50,100-square-foot, value-add shopping center in Flint, Michigan. Currently 78% occupied, the center offers a strong mix of tenants and is strategically positioned along Miller Road, the market’s primary retail corridor, just west of the I-75 entrance and exit ramp. Tenants include Guitar Center, Epic Gymnastics, Ross Education, and one available space. Anchored by Best Buy and Dunham’s, the site benefits from excellent retail synergy that supports tenant attraction and retention. The Flint market is highly populated, with over 120,000 residents within a 5-mile radius and more than 30,000 vehicles passing daily along Miller Road.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
50,100 SF
Building Class
C
Year Built
2005
Price
$4,999,441 CAD
Price Per SF
$99.79 CAD
Cap Rate
9.12%
NOI
$456,051 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
8.59 AC
Opportunity Zone
Yes
Zoning
C-2 - Commercial Zoned District
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-27-100-039 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,718,052 CAD |
Property Taxes
Parcel Number
07-27-100-039
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,718,052 CAD
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Buick City Center | 3620-3640 Miller Rd
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