Property Listing No Longer Available for Sale

3489 Miller Rd, Flint, MI

Retail for Sale - $2,000,000 - 10,400 Sq. Ft. on 3.56 acres


Property Info

CIMLS#971744
Location
  3489 Miller Rd
  Flint MI 48507
UpdatedFebruary 17th, 2018
TypeRetail
Price$2,000,000
Building10,400 Sq. Ft.
Land3.56 acres

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. 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, Best Buy,Guitar Center, Famous Dave's BBQ, Bed, Bath & Beyond, Olive Garden and more. Interstate I-75 lies just east of the property and Bishop International Airport just south. Population exceeds 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.

Chuck E. Cheese's is a chain of American family entertainment centers and restaurants. The chain is the primary brand of CEC Entertainment, Inc. and is headquartered in Irving, Texas. The establishment serves pizza and other menu items, complemented by arcade games, amusement rides, and animatronic displays as a focus of entertainment for the entire family. The brand derives its name from its main animatronic character Chuck E. Cheese, a comedic mouse who sings and interacts with guests.

Chuck E. Cheese's, originally referred to as Chuck E. Cheese


Financials


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