Genesee Crossing Shopping Center

3515-3593 Miller Road, Flint, MI 48507

  • For Sale Contact Broker
  • Property Type Retail - Strip
  • Property Size 123,578 SF
  • Lot Size 28.67 Acre
  • Parking Spaces Avail. 550
  • Parking Ratio 4.45 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1988
  • Date Updated Dec 17, 2023
3515-3593 Miller RoadTarget anchored (not included in the sale) multi-Tenant retail center of 123,578 SF 89.5% Occupied under Long-Term Leases Prime location along premier Miller Rd retail corridor Diverse rent roll with national and regional tenancy, including over 17,000 SF of medical-focused tenants such as DeltaVision Optical & a new BioLife Plasma Services lease Weighted average lease term of 7.44 years Less than 1 mile away from an I-75 interchange; 8 minutes travel time to Flint Bishop International Airport Target (non-collateral) pays monthly CAM for parking lot & miscellaneous maintenance charges, as well as electric reimbursement Forman Mills has below-market in-place rent, which allows for upside potential to new ownership who can mark rents to market Spirit Halloween has historically occupied the 8,400 SF suite #77 & the 1,890 SF suite #69 (storage) from July through mid-November on an annual basis Additional upside through the long-term lease up of the suites historically occupied by Spirit Halloween Genesee crossing can be acquired well below replacement cost Approximate NOI of $807,500 Asking Price – To be Determined by Market

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Attachments

Highlights

  • Target anchored (not included in the sale) multi-Tenant retail center of 123,578 SF
  • 89.5% Occupied under Long-Term Leases
  • Prime location along premier Miller Rd retail corridor
  • Diverse rent roll with national and regional tenancy, including over 17,000 SF of medical-focused tenants such as DeltaVision Optical & a new BioLife Plasma Services lease
  • Weighted average lease term of 7.44 years
  • Less than 1 mile away from an I-75 interchange; 8 minutes travel time to Flint Bishop International Airport
  • Target (non-collateral) pays monthly CAM for parking lot & miscellaneous maintenance charges, as well as electric reimbursement
  • Forman Mills has below-market in-place rent, which allows for upside potential to new ownership who can mark rents to market
  • Spirit Halloween has historically occupied the 8,400 SF suite #77 & the 1,890 SF suite #69 (storage) from July through mid-November on an annual basis
  • Additional upside through the long-term lease up of the suites historically occupied by Spirit Halloween
  • Genesee crossing can be acquired well below replacement cost
  • Approximate NOI of $807,500
  • Asking Price – To be Determined by Market

Contacts

broker

Alan Stern

Friedman Real Estate

(248) 324-2000

Location

Getting Around

  • Walk Score ®

    36/100 Car-Dependent

  • Bike Score ®

    33/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Flint, MI
  • Zip Code 48507
  • Market Detroit

Points of Interest

  • Flint

    5.39 miles

  • Mobil

    0.33 miles

  • Sunoco

    0.49 miles

  • Speedway

    0.73 miles

  • Marathon

    1.08 miles

  • Sunoco

    1.19 miles

  • Mobil

    1.32 miles

  • Kroger

    1.34 miles

  • BP

    1.41 miles

  • Sam's Club

    1.49 miles

  • Marathon

    1.55 miles

  • Cell Phone Lot

    0.71 miles

  • Employee Lot

    0.77 miles

  • Long Term Lot

    0.80 miles

  • Short Term Lot

    0.82 miles

  • Economy Lot

    0.88 miles

  • Rental Car Lot

    0.91 miles

  • Kettering Mobility Research Center

    2.76 miles

  • Riverfront Parking Deck

    3.62 miles

  • City/Public Parking Lot

    3.73 miles

  • University Pavilion Parking Deck

    3.76 miles

  • Chuck E. Cheese's

    0.09 miles

  • Telly's Coney Island

    0.13 miles

  • Famous Dave's

    0.13 miles

  • Olive Garden

    0.16 miles

  • Hooters

    0.22 miles

  • Chili's

    0.38 miles

  • Pizza Hut

    0.39 miles

  • Honey Baked Ham

    0.41 miles

  • Texas Roadhouse

    0.41 miles

  • Red Robin

    0.42 miles

  • Target

    0.01 miles

  • Burlington

    0.36 miles

  • JCPenney

    0.94 miles

  • Genesee Valley Center

    1.03 miles

  • Macy's

    1.08 miles

  • TJ Maxx

    1.29 miles

  • Walmart Supercenter

    1.38 miles

  • Kohl's

    1.40 miles

  • Gordon Food Service

    1.45 miles

  • Big Lots

    1.46 miles

Frequently Asked Questions

What is the total square footage of Genesee Crossing Shopping Center?

Genesee Crossing Shopping Center totals 123,578 square feet.

When was this property built?

Genesee Crossing Shopping Center was built in 1988.

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Contact Listing Broker

broker

Alan Stern

Friedman Real Estate

(248) 324-2000