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Virtual Drive-By

Guitar Center NNN Multi-tenant

3620-3640 Miller Road · Flint, MI 48507 · Specialty Retail

Asking price
$3,650,000
Cap rate
9.12%
NOI
$332,954

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Lease

Lease typeNNN
Term remaining
Expiration
Rent bumps
Options
Ground lease
Credit profile
TenancyMulti

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Property

Building SF50,100
Price / SF$76
Year built2004
Lot size8.58 ac
TypeShopping Center
Days on market332

Need year-one bonus depreciation

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Investment highlights

  • ​Parking: Surface lot
  • ​Ownership Type: Fee Simple
  • ​Value Add Opportunity: The 11,161 SF vacancy provides room for a future owner to increase NOI through leasing the vacant space.
  • ​Great Retail Synergy: Miller Road is the dominant corridor of the Flint Market, making it possible to land a national tenant to backfill the remaining vacancy or any future vacancy
  • ​Co-Tenant’s Strength: In addition to the strong tenant lineup at the subject property, the overall site includes other national retailers such as Best Buy, Dunham’s and Office Depot.

Property overview

Mid-America Real Estate – Michigan is pleased to present the opportunity to acquire a 50,100-square-foot, value-add shopping center in Flint, Michigan.​ Currently 78% occupied, the center offers a strong mix of tenants and is strategically positioned along Miller Road, the market’s primary retail corridor, just west of the I-75 entrance and exit ramp.​ Tenants include Guitar Center, Epic Gymnastics, Ross Education, and one available space.​ Anchored by Best Buy and Dunham’s, the site benefits from excellent retail synergy that supports tenant attraction and retention.​ The Flint market is highly populated, with over 120,000 residents within a 5-mile radius and more than 30,000 vehicles passing daily along Miller Road.​

Value-Add Opportunity | Lease-Up Upside: The property presents a compelling value-add opportunity with approximately 22% of GLA currently vacant, offering an investor the ability to drive immediate NOI growth through strategic lease-up.​ At stabilization, the incremental rent from vacant space translates directly to meaningful cap rate compression and asset appreciation.​

Well Positioned on a Busy Retail Corridor: The Miller Road corridor is the prime regional retail trade area of Genesee County.​ The corridor is home to many national tenants including Target, Best Buy, Dunham’s, Barnes & Noble, DSW, Petsmart, Old Navy, Hobby Lobby, Ashley Furniture Store + Outlet, Planet Fitness, Burlington, Ross, and many more.​ It also features many national restaurant chains such as Texas Roadhouse, Red Robin, Olive Garden, Famous Dave’s BBQ, and Applebee’s; as well as any fast feeders including Chick-fil-A, Starbucks, Culver’s, McAlister’s Deli, Chipotle, and Panda Express among others.​

Ease of Access: The subject property has great access from Miller Road and Lennon Road, with a combined five points of access.​ Miller Road is anchored by the I-75 and I-69 interchange, which provides a regional draw from all over Genesee County.​ Situated directly on Miller Road, the property is less than 4 miles from the heart of downtown Flint.​ In addition to easy highway access, the subject property is in close proximity to the Bishop International Airport, which has over 500,000 annual passengers.​

General Motors Flint: The subject property is situated in close proximity to the General Motors Flint Assembly Plant and Flint Metal Center.​ The GM Flint Assembly Plant currently employs over 5,000 people and is undergoing a $788 million investment to enhance its production capabilities for future generation.​ GM is also investing $233 million into the Flint Metal Center

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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.