Great Lakes Plaza
Retail Center For Sale
Marketing description
Great Lakes Plaza, located at 3725 South Saginaw, Flint, MI 48503, is a compelling retail investment opportunity offering strong in-place income and future upside. This 12,000 SF neighborhood center sits on 1.16 acres at the signalized intersection of South Saginaw Street and East Atherton Road, providing outstanding visibility and convenient access.
The property is 100% occupied by a diverse mix of service-oriented tenants, creating stable cash flow with an attractive NOI of $82,891. Offered at $695,000, the asset presents a strong 11.93% cap rate and a competitive price point of just $57.92 per SF. Recent parking lot improvements and a turnkey physical condition help minimize near-term capital needs. Positioned along South Saginaw Street with traffic counts exceeding 16,700 vehicles per day, the center benefits from proximity to major retailers, healthcare providers, downtown Flint, and I-475.
The location is also adjacent to Flint Golf Club and near national and regional draws including Kroger, Dollar Tree, McDonald’s, Tim Hortons, and McLaren. With stable occupancy, strong visibility, and the potential to grow rents or convert leases to NNN, this is an exceptional value-add retail asset in a high-traffic Flint corridor.
Investment highlights
- 12,000 SF Building | Located Along South Saginaw Street Averaging 16,700+ Vehicles Per Day
- Recent Parking Lot Updates
- 100% Occupied with Stable Income | Ability to Increase Rents/Convert to NNN to Add Value
- Convenient Access and Excellent Visibility
- Turnkey Asset | Minimal Initial Improvements are needed for Continued Operational Success
- Less than 3 Miles from Downtown Flint
- Within Minutes of Retailers such as Kroger, Dollar Tree, Taco Bell, McDonald's, Tim Horton's, Dollar General and More
- Adjacent to Flint Golf Club | Historic Club with Numerous Amenities
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