4675-4721 Bay Rd
Saginaw, MI 48604

Marcus & Millichap is pleased to exclusively present this 54,098 sq. ft., shopping center at 4675-4721 Bay Road, Saginaw, Michigan, sitting on 6.57 acres. The property is exclusively leased to national and regional tenants including, Goodwill Industries of of Mid-Michigan, Inc., Family Christian Stores and Old Country Buffet. Goodwill anchors the center (61.5%) and has about 5 years of firm lease term remaining. Additionally, Old Country Buffet recently signed a new 10 year lease showing their commitment to this location. Old Country Buffet and Family Christian Stores each have been at this location since 1989 and 2005, respectively. All tenants are operating on triple net leases with minimal management responsibilities. In the recent past, this center has undergone a variety of capital improvements. The roof above Goodwill was replaced in 2014 with the rest of the roof having been replaced in 2004. In addition, the parking lot was resurfaced in 2013. The subject property is located in a densely populated market with over 90,0000 people residing within a 5-mile radius. In addition, it is located in the main retail shopping hub of Saginaw; the surrounding area has roughly 4.8 million SF of retail space within a two mile radius leased primarily to national and regional tenants. The property is directly across the street from the Fashion Square Mall, a 750,000 SF regional mall anchored by JC Penney, Sears, and Macy's. Other notable retail along the corridor includes Walmart, Target, Kohls, The Home Depot, Tractor Supply, Toys R Us, Mcdonalds, Aldi's, Bed Bath & Beyond, Best Buy, Chili's and many more. The tenants long standing commitment to this location, outlot potential, and proximity to the Fashion Square Mall makes this a stable investment with upside potential moving forward.