Genesee Crossing Shopping Center

For Sale

3515-3593 Miller Road, Flint, MI 48507

This Flint property for sale is located at 3515-3593 Miller Road. The current listed sale price for Genesee Crossing Shopping Center is Contact Broker. Genesee Crossing Shopping Center is situated on a lot that is 28.67 acre in size.

Contacts

broker

Alan Stern

Friedman Real Estate

(248) 324-2000

Property Details

  • Property Type Retail - Strip
  • Property Size 123,578 SF
  • Lot Size 28.67 Acre
  • Parking Spaces Avail. 550
  • Parking Ratio 4.45 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1988
  • Date Updated Dec 17, 2023
3515-3593 Miller RoadTarget anchored (not included in the sale) multi-Tenant retail center of 123,578 SF 89.5% Occupied under Long-Term Leases Prime location along premier Miller Rd retail corridor Diverse rent roll with national and regional tenancy, including over 17,000 SF of medical-focused tenants such as DeltaVision Optical & a new BioLife Plasma Services lease Weighted average lease term of 7.44 years Less than 1 mile away from an I-75 interchange; 8 minutes travel time to Flint Bishop International Airport Target (non-collateral) pays monthly CAM for parking lot & miscellaneous maintenance charges, as well as electric reimbursement Forman Mills has below-market in-place rent, which allows for upside potential to new ownership who can mark rents to market Spirit Halloween has historically occupied the 8,400 SF suite #77 & the 1,890 SF suite #69 (storage) from July through mid-November on an annual basis Additional upside through the long-term lease up of the suites historically occupied by Spirit Halloween Genesee crossing can be acquired well below replacement cost Approximate NOI of $807,500 Asking Price – To be Determined by Market

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Highlights

  • Target anchored (not included in the sale) multi-Tenant retail center of 123,578 SF
  • 89.5% Occupied under Long-Term Leases
  • Prime location along premier Miller Rd retail corridor
  • Diverse rent roll with national and regional tenancy, including over 17,000 SF of medical-focused tenants such as DeltaVision Optical & a new BioLife Plasma Services lease
  • Weighted average lease term of 7.44 years
  • Less than 1 mile away from an I-75 interchange; 8 minutes travel time to Flint Bishop International Airport
  • Target (non-collateral) pays monthly CAM for parking lot & miscellaneous maintenance charges, as well as electric reimbursement
  • Forman Mills has below-market in-place rent, which allows for upside potential to new ownership who can mark rents to market
  • Spirit Halloween has historically occupied the 8,400 SF suite #77 & the 1,890 SF suite #69 (storage) from July through mid-November on an annual basis
  • Additional upside through the long-term lease up of the suites historically occupied by Spirit Halloween
  • Genesee crossing can be acquired well below replacement cost
  • Approximate NOI of $807,500
  • Asking Price – To be Determined by Market

Attachments

Getting around

  • 36/100

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  • 33/100

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Location

  • City Flint, MI
  • Zip Code 48507
  • Market Detroit

Points of Interest

  • Flint

    5.39 miles

  • Mobil

    0.33 miles

  • Sunoco

    0.49 miles

  • Speedway

    0.73 miles

  • Marathon

    1.08 miles

  • Sunoco

    1.19 miles

  • Mobil

    1.32 miles

  • Kroger

    1.34 miles

  • BP

    1.41 miles

  • Sam's Club

    1.49 miles

  • Marathon

    1.55 miles

  • Cell Phone Lot

    0.71 miles

  • Employee Lot

    0.77 miles

  • Long Term Lot

    0.80 miles

  • Short Term Lot

    0.82 miles

  • Economy Lot

    0.88 miles

  • Rental Car Lot

    0.91 miles

  • Kettering Mobility Research Center

    2.76 miles

  • Riverfront Parking Deck

    3.62 miles

  • City/Public Parking Lot

    3.73 miles

  • University Pavilion Parking Deck

    3.76 miles

  • Chuck E. Cheese's

    0.09 miles

  • Telly's Coney Island

    0.13 miles

  • Famous Dave's

    0.13 miles

  • Olive Garden

    0.16 miles

  • Hooters

    0.22 miles

  • Chili's

    0.38 miles

  • Pizza Hut

    0.39 miles

  • Honey Baked Ham

    0.41 miles

  • Texas Roadhouse

    0.41 miles

  • Red Robin

    0.42 miles

  • Target

    0.01 miles

  • Burlington

    0.36 miles

  • JCPenney

    0.94 miles

  • Genesee Valley Center

    1.03 miles

  • Macy's

    1.08 miles

  • TJ Maxx

    1.29 miles

  • Walmart Supercenter

    1.38 miles

  • Kohl's

    1.40 miles

  • Gordon Food Service

    1.45 miles

  • Big Lots

    1.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Alan Stern

Friedman Real Estate

(248) 324-2000