Pirate's Plaza
Retail Center for Sale
Marketing description
Introducing PIRATE'S PLAZA, a prime retail center located at 4067-4085 Miller Rd, Genesee County, MI 48507. This investment opportunity offers a strong CAP rate of 8.5% and a sale price of $3,699,000. With new leases recently secured from reputable tenants like Ulta Beauty, Home Center, and Shoe Show, the property boasts a net operating income of $314,490 and minimal landlord responsibilities.
The center features excellent visibility with about 18,000+ vehicles passing daily on Miller Road, and high highway exposure from I-69. Strategically positioned in Flint's main retail corridor, PIRATE'S PLAZA benefits from proximity to Genesee Valley Mall, Interstate-69, the Flint airport, and General Motors Flint Engine Operations.
Professionally managed with regular capital improvements, the 46,503 SF building on 5.98 acres presents a solid investment opportunity in a vibrant commercial area. Don't miss out on owning this lucrative retail property ripe with potential.
Investment highlights
New leases Executed by Shoe Show and Home Center within Last Year
Excellent visibility and traffic on Miller Road | Averages 18,000+ vehicles per day
Minimal Landlord Responsibility (Roof & Structural Repairs)
In-Line Shop Space within a Larger 136,000 SF Center
Asset has been Professionally Managed with Ongoing Capital Improvement Annually (New Lighting, Parking Lot, Landscape, ETC)
Situated in Flint's Main Retail Corridor | 2 Miles NE of Genesee Valley Mall as well as backs up to Interstate-69
Subject Property is Less than 3.0 Miles from Major Airport (FNT) and General Motors Flint Engine Operations
Ulta averages 149K+ Visits per year
Highway visibility from I-69 averaging 46,400+ vehicles per day
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