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3489 Miller Road $1,750,000

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3489 Miller Road Flint, MI 48503

  • 10,400 sq. ft.
  • 3.56 Acres
  • Commercial Sale
  • MLS# 21556902
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Views: 2630 Days On Market: 570

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Property Details

Subject property includes a 10,400 SF single story, free-standing retail building designed specifically for Chuck E Cheese's. The asset is secured by an Absolute Net Lease from Chuck E Cheese's who recently signed a new 5 year lease extension starting May 1st, 2016. Rent adjusts to $132,000 per year during the extension. The lease is guaranteed by CEC Entertainment, Inc. (NYSE: CEC), S&P Rated B, with a market cap of $1.0B. Property is located in the heavily traveled Miller Road commercial corridor of Flint Township, Michigan and shadowed by Target. Interstate I-75 lies just east of the property and Bishop International Airport just south. Population exceed 160,000 within a 5 mile radius. Property is located in the Charter Township of Flint and receives it's water from the Detroit Water System.

  • General Features
    • Ownership Private
    • County Genesee
    • Area Municipality 25006
    • Acreage 3.56
    • Waterfront Y/N No
    • Year Built 1982
    • Originating MLS East Central Association
  • Building Features
    • Exterior Construction Brick, Vinyl Siding
    • Roofing Flat
  • Property Features
    • Water Public Water
    • Sewer Septic Public Sanitary
    • Parking 100+
    • Lot Size 349x607x51x523

Contact

Paul Raymond

Paul Raymond

Lead Agent

RE/MAX Select

Direct: 810-275-2279

Neighborhood

48503 (Flint) Demographics

37 Median Age
3,158 Population Density (per sq. mile)
27% College Educated
$25,321 Estimated Median Income
6,163 Estimated Total Home Owners
5,085 Estimated Total Renters
55% / 45% Estimated Owner / Renter Divide
3 Estimated Average Household Size
25,902 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$89,900 Median Sales Price
13 Homes Sold
80 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,750,000
      2/28/2019 5:40:00 PM New in Database Source New Value: $1,750,000

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      **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
      Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

      Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.