3603 Miller Rd Flint, MI 48507

This exceptional 94,021 square foot shopping center in Flint, Michigan, presents a compelling investment opportunity. Boasting a 10.04% cap rate and a Net Lease structure, the property generates a substantial Net Operating Income (NOI) of $878,622. Currently 100% occupied by four tenants, the center benefits from a newly signed 10-year lease with Ross Dress for Less, commencing July 2024. The property features a landlord-favorable lease structure where tenants cover all maintenance and repairs, including parking lot, roof, and building structure. Located on a strategically positioned 8.19-acre parcel on Miller Road, the center enjoys excellent ingress and egress with a cross-access easement. The property is situated near major interstates I-69 and I-75, experiencing high traffic volume (27,000+ VPD on Miller Road). Recent improvements include a 2024 parking lot reseal and striping, and a roof warranty extending to 2027. The surrounding area demonstrates strong demographics, with a household income exceeding $54,340 within a 3-mile radius and a population exceeding 107,000 within a 5-mile radius. The center is also conveniently located near Bishop International Airport and is shadow-anchored by Target, further enhancing its desirability. The property's C2 zoning and its proximity to other national retailers like Applebee's, Dunham's, Best Buy, and more, solidify its position as a prime retail investment. The asking price is $8,750,000, representing a price per square foot of $93.06. Built in 1986 and renovated in 2024, this property offers a blend of established success and recent upgrades.