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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 | Pending

$1,750,000

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Days On Market: 204 20 Views
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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 Flint Twp (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+ Spaces
    • Lot Size 349x607x51x523

Contact

Gary Hobson

Sales Associate

RE/MAX Edge

Direct: 810-250-8347

Neighborhood

48503 (Flint) Demographics

38Median Age
3,158Population Density (per sq. mile)
27%College Educated
$25,321 Estimated Median Income
6,163Estimated Total Home Owners
5,085Estimated Total Renters
55% / 45%Estimated Owner / Renter Divide
3Estimated Average Household Size
25,902Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$47,500 Median Sales Price
4 Homes Sold
29 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

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      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.