5038 Miller RdFlint, MI 48507

For Sale
$3,350,000

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 66,000 square foot shopping center, located at 5038 Miller Rd, Flint, MI 48507, presents a compelling investment opportunity. Built in 1991 and extensively renovated in 2020, the property sits on a sizable 10.91-acre lot and boasts a strong net operating income (NOI) of $408,164, yielding an attractive 12.18% cap rate. The asking price is $3,350,000. The property's Assumable Financing adds to its appeal. Detailed financial information is available upon request. The property's location in Genesee County, Michigan, offers excellent access to major transportation routes and a substantial consumer base. With its updated facilities and proven profitability, this shopping center represents a rare chance to acquire a well-established, high-performing retail asset. The property's APN is 07-29-679-006; 07-29-679-005; 07-29-679-004. This is an auction sale with a reserve price of $3,350,000.

Highlights

  • $3,350,000 asking price.
  • 66,000 square foot shopping center.
  • 12.18% cap rate, $408,164 NOI.
  • Built in 1991, renovated in 2020.
  • 10.91-acre lot in Flint, MI.
  • Located at 5038 Miller Rd, Flint, MI 48507.

Property Details for 5038 Miller Rd

Property type
Lifestyle centers, Power centers
Square Feet
66,000 SF
Year Built/Renovated
1991/2020
Lot Size (sq. ft)
475,240 SF

Location Insight

City
Flint
County
Genesee
State
Michigan
Latitude
42.97768973154
Longitude
-83.774142517814
5038 Miller Rd, Flint, Michigan

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5038 Miller Rd
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