Address
3489 Miller Road Flint, MI
Price
$ 1,750,000
Property Attributes
  • MLS#21556902
  • TypeCommercial
  • CountyGENESEE
  • CityFlint
  • AreaFlint Twp
  • NeighborhoodFlint Twp
  • Zip48503
  • StyleCommercial/Industrial
  • Year Built1982
  • Taxes25925
  • Price$ 1,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10400
  • Lot Size3.56 Acres
Listing Provided Courtesy Of:
Lucia Properties
Property Description

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.

Price History
1/24/2019 Listed $1,750,000

General Features

Class COM/IND/BUS OPP
Directions I75 to Miller Road, Go West to Chuck E Cheese, just in front of Target on the south side of the road.
Financial Terms Cash
Legal Description See Legal
Listing Area Flint Twp (25006)
Municipality Flint Twp
Originating Mls East Central Association of REAL
Ownership Private
Parking 100+ Spaces
Roof Flat
Source Mls MI Real Source
Status Active
Status Active
Subj To Short Sale Apprvl No
Type Commercial/Industrial
Water Public Water
Year Built 1982

Exterior Features

Exterior Brick, Vinyl Siding
Frontage 349
Lot Dimensions 349x607x51x523
Lot Size Area 3.56
Sewer Septic Public Sanitary
Site Depth 607
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 48503

Price
AVG $170K
$1.75M
Taxes
AVG $34,094
$25,925
Visits
AVG 7
15
Year Built
AVG 1953
1982
Walkscore
AVG 41
30
Data Provided by Walkscore ® not using MLS data