Contacts
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
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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
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Walk Score ®
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Bike Score ®
Location
- City Flint, MI
- Zip Code 48507
- Market Detroit
Points of Interest
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Flint
5.39 miles
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Mobil
0.33 miles
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Sunoco
0.49 miles
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Speedway
0.73 miles
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Marathon
1.08 miles
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Sunoco
1.19 miles
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Mobil
1.32 miles
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Kroger
1.34 miles
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BP
1.41 miles
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Sam's Club
1.49 miles
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Marathon
1.55 miles
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Cell Phone Lot
0.71 miles
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Employee Lot
0.77 miles
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Long Term Lot
0.80 miles
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Short Term Lot
0.82 miles
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Economy Lot
0.88 miles
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Rental Car Lot
0.91 miles
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Kettering Mobility Research Center
2.76 miles
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Riverfront Parking Deck
3.62 miles
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City/Public Parking Lot
3.73 miles
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University Pavilion Parking Deck
3.76 miles
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Chuck E. Cheese's
0.09 miles
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Telly's Coney Island
0.13 miles
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Famous Dave's
0.13 miles
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Olive Garden
0.16 miles
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Hooters
0.22 miles
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Chili's
0.38 miles
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Pizza Hut
0.39 miles
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Honey Baked Ham
0.41 miles
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Texas Roadhouse
0.41 miles
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Red Robin
0.42 miles
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Target
0.01 miles
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Burlington
0.36 miles
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JCPenney
0.94 miles
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Genesee Valley Center
1.03 miles
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Macy's
1.08 miles
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TJ Maxx
1.29 miles
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Walmart Supercenter
1.38 miles
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Kohl's
1.40 miles
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Gordon Food Service
1.45 miles
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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
Alan Stern
Friedman Real Estate
(248) 324-2000