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31392033
31392034

3725 S Saginaw St, Flint, MI 48507

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
JL
MI MI 6501396624
Encore Real Estate Investment Services
EL
MI MI 6501400582, IL 475.155236
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services
$695,000
67 days on market
Updated 67 days ago

Great Lakes Plaza

Details
Property Type Retail
Sub Type Convenience Store, Shopping Center (+1)
Square Footage 12,000
Cap Rate 11.93%
NOI $82,891
Occupancy 100%
Tenancy Multi
Price per SqFt $58
Year Built 1990
Acreage 1.160

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

Listing Contacts

DB
MI 6502378067, OH BRKP.2020008390
Encore Real Estate Investment Services
JL
MI MI 6501396624
Encore Real Estate Investment Services
EL
MI MI 6501400582, IL 475.155236
Encore Real Estate Investment Services
Listed by Encore Real Estate Investment Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,891.00
$6,907.58/mo

Valuation Metrics

0
DSCR
11.93%
Cap Rate
11.93%
ROI

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Additional Information

Name
Deno Bistolarides
License
6502378067
Name
Joseph Lopez
License
MI 6501396624
Name
Evan Lyons
License
MI 6501400582
Brokerage
Encore Real Estate Investment Services
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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