5038 Miller Rd | Flint, MI 48507
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- LoopNet Team
5038 Miller Rd
Flint, MI 48507
Mill Creek Shopping Center · Retail Property For Sale
Investment Highlights
- Attractive neighborhood retail center within the Detroit metro region, 95%-occupied with a complementary tenancy.
- Anchored by Ollie's Bargain Outlet with staggered lease expirations, escalations, and options providing balance and stable cash flow from the tenants.
- Recent leasing velocity as shown by American Freight's recently executed five-year triple net lease with options and escalations.
- Dynamic and internet-resistant tenant mix strategically located near a signalized intersection with visibility to high traffic counts.
- Recently renovated with a new façade and refinished parking lot, situated in a Qualified Opportunity Zone offering favorable tax benefits.
- Strong and compelling demographics with more than 89,000 residents within 5 miles and located across from the largest enclosed mall north of Detroit.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
65,947 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
10.91 AC
Zoning
C-2 - General Business District
Parking
462 Spaces (7.01 Spaces per 1,000 SF Leased)
Frontage
680 FT on Norko Drive
Amenities
- Air Conditioning
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