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Carman Plaza 3238-3288 Corunna Rd

67,845 SF 73% Leased Retail Building Flint, MI 48503 $3,100,000 ($46/SF) 9.26% Cap Rate

Investment Highlights

  • This property boasts the stability of having not one, but two investment-grade tenants : Family Dollar and Kroger, providing a secure and reliable inc
  • Located on Corunna Rd, a major commercial thoroughfare in Flint, MI, this property benefits from high traffic counts and excellent visibility.
  • Large 68,709 square foot plaza situated on a spacious 6.47 acre lot, offering ample parking for customers.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Conditions
Lease Option
Property Type
Retail
Property Subtype
Storefront
Building Size
67,845 SF
Building Class
C
Year Built
1975
Price
$3,100,000
Price Per SF
$46
Cap Rate
9.26%
NOI
$287,100
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
6.47 AC
Zoning
C-3 - Commercial
Parking
531 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Energy Star Labeled

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Family Dollar is a place to shop when it comes to delivering quality and value on family essentials in a convenient location. Their stores are conveniently located in neighborhoods, and often in "food deserts" where other stores choose not to locate, providing a convenient, close-to-home option where customers can shop for essentials. By locating stores in places where others won’t, Family Dollar is improving the affordability and availability of essential goods. They are saving their customers time and money and helping them do more, even on a tight budget. Their Family Dollar stores focus on delivering top value for family essentials. They offer competitively-priced national brands from leading manufacturers alongside brand-name, equivalent-value, lower-priced private labels. Their aisles are stocked with food and beverages, paper products, health & beauty supplies, pet food, home products, apparel and accessories, etc.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Kroger began in 1883 when Barney Kroger invested his life savings of $372 to open a single grocery store at 66 Pearl Street in downtown Cincinnati. He had a simple motto, which is to be particular and never sell anything someone would not want themselves. Nearly 140 years later, the Kroger Company is still particular about how they serve customers and community, how they innovate and who they hire. As the nation’s largest grocer they meet their customers’ changing needs by making fresh food accessible to all. Their current practices are rooted in Barney Kroger’s early efforts to serve customers through food freshness, low prices and innovation—fundamentals that remain at the heart of the Kroger mission today.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3288
  • 18,615 SF
  • Retail
  • In-Line
  • Now

Great location.

Space Size Space Use Position Available
3288 18,615 SF Retail In-Line Now

3288

Size
18,615 SF
Space Use
Retail
Position
In-Line
Available
Now

3288

Size 18,615 SF
Space Use Retail
Position In-Line
Available Now

Great location.

Nearby Major Retailers

Ponderosa Steakhouse
IHOP
Applebee's
Fifth Third Bank
ALDI

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-15-300-024
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$856,600
  • Listing ID: 31003366

  • Date on Market: 8/16/2022

  • Last Updated:

  • Address: 3238-3288 Corunna Rd, Flint, MI 48503

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