5010 Miller Road Flint, MI 48507
Brand new 10-year lease renewal provides a long-dated commitment through September 2036.
Property Features for 5010 Miller Road
General Information
- Standard status
- Active
- Size
- 4,137 SF
- Property subtype
- Retail
Listing office Encore Real Estate Investment Services
Listing date Jun 10, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
The property is located at 5010 Miller Road in Flint Township, Michigan (48507). It is being marketed as a commercial automotive/auto shop asset under the renewed term, which can simplify planning for an ownership transition.
For buyers and investors, the primary consideration here is the lease duration extending to September 2036. That long timeline may appeal to those looking for an automotive-oriented asset with established leasing terms rather than near-term re-tenanting. For industry operators and brokers, the asset’s fit is straightforward: it is positioned as an auto shop/automotive use property that is already leased under a renewed agreement. Interested parties should review the full lease documents to confirm all terms tied to the renewal, including the exact lease commencement details and responsibilities under the agreement.
Key Highlights
- Brand new 10‑year lease renewal with a lease expiration in September 2036
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.0k | $15.48 |
| − Vacancy | −$2.7k | −$0.65 |
| EGI | $61.4k | $14.83 |
| − OpEx | −$18.4k | −$4.45 |
| NOI | $42.9k | $10.38 |
Alternative Uses
Property Analytics
Current Use by Public Records
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