3558 Miller Rd 6,315 SF Retail Building Flint, MI 48507 $3,010,000 ($476.64/SF) 8.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream
- Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy
- Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base
- Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability
- High Visibility & Access – Excellent frontage on a major thoroughfare with easy ingress/egress
- Well-Maintained Property: Modern building with recent upgrades and strong operational history, minimizing near-term capital expenditures
EXECUTIVE SUMMARY
Absolute Net (NNN) opportunity for sale. Please reach out to listing agent for more information.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,315 SF
Building Class
B
Year Built/Renovated
1985/2020
Price
$3,010,000
Price Per SF
$476.64
Cap Rate
8.25%
NOI
$248,395
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.64 AC
Opportunity Zone
Yes
Zoning
B2, Flint
Parking
135 Spaces (21.38 Spaces per 1,000 SF Leased)
Frontage
200’ on Miller Rd
AMENITIES
- Bus Line
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07-27-100-032 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $390,700 |
CONTACTS
-
Sal Yaldo -
Ayson Shammami -
APEX Commercial Real Estate Advisors
