3407 Miller Rd Flint, MI 48503-4607

Property Details for 3407 Miller Rd

Year built

1986

Lot size

1.51 lot acres

Property size

19,890 SF

Property type

Commercial real estate

APN

07-27-100-016

APU

727100016

Description

This exceptional investment opportunity presents a 20,000-square-foot retail storefront in Flint, Michigan, currently occupied by K & G Men SuperStore, a wholly-owned subsidiary of Tailored Brands. The property boasts a 14-year remaining lease term (commencing December 1, 2023, and expiring December 1, 2038) with a strong corporate guarantee and built-in 2% annual rent increases. The absolute NNN lease structure minimizes landlord responsibilities, while the 7.43% cap rate and $178,500 NOI offer significant return potential. Situated on a 1.51-acre lot with 45 parking spaces, the property benefits from a prime location on Miller Road, a major retail corridor with high traffic volume, across from Genesee Valley Mall and adjacent to a Target store. The single-story building, constructed in 1986, is zoned C-2 General Commercial and features 20,000 square feet of air rights. The property's strong demographics and high traffic counts, combined with the tenant's substantial financial strength and brand recognition, make this an attractive investment prospect. Three five-year lease options further enhance the long-term value proposition. The current rent is below market, allowing for future rental appreciation.

Location Insight

City

Flint

County

Genesee

State

Michigan

Longitude

-83.745

Latitude

42.9861

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments