Clio Vienna Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30210965
Property Subtypes: Community Center, Mixed Use, Neighborhood Center, Net Leased
Building Size (RSF): 58,260 SF
Gross Building Area: See Agent
Sale Price: $2,800,000
Unit Price: $48.06 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2018

Overview / Comments

This Mott Community College (MCC) , serves as Northern Tier of Genesee Countys' satellite Campus which is 17.5 miles from the MCC Main Campus located Downtown Flint, MI. The nearest Goodwill from the site is 15.7 miles on Miller Rd. in Flint Township, MI.

Mott Community College recently renewed its lease for an additional Five Years with a price of $7.50 per SF, $167,512.50 annually

Goodwill Industries recently renewed its lease for an additional five years with a price of $6.25 per SF, $84,375 annually.

There is currently 22,800 SF vacancy in the center. The subject property is leased at below market rates.

There is also potential to develop an outpad on the site, there have been discussions with some National food retailers for this pad.
59000

The Property is located on 4082 Vienna Rd. (M-57) Clio, MI 48420 a half mile East of I-75. Clio (Vienna Township) is a stable suburban community in Genesee County, Michigan. The Median Household Income in a 3 mile radius from the site is $48,032.

Additional Details

Nearest MSA: Flint
County: Genesee
Tax ID/APN: 18-16-400-019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,438 15,901 38,932
Median Age: 42.69 41.23 40.48
Households: 593 6,358 15,395
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