Retail Business for Sale in Flint, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Flint, MI 48507

Description

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a retail property owned and operated by Tailored Brands. Located in Flint, MI the asset is comprised of 20,000 square feet on a total of 1.51 acres. The tenant K & G Fashion Superstore is a wholly owned subsidiary of Tailored Brands. Tailored Brands is a leading omnichannel specialty retailer of menswear including suits, formalwear, sportswear and a broad selection of business casual offerings. Their brands include Men’s Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore. Tailored Brands operates over 1,000 stores in the U.S. and Canada, and ships to 150+ countries worldwide. Products are manufactured in 14 countries across 4 continents. Annual revenue exceeds $2.9 billion. Fourteen years remaining on the Absolute Net Lease with 2% annual increases. The below market rent of $8.93 a Square Foot allow for rental appreciation in the future. Investment Highlights: • 14 years remaining on this absolute net lease. The tenant is K & G Fashion Superstore Inc, a wholly owned subsidiary of Tailored Brands. • Located on Miller Road a Prime Retail Corridor within Major Market . A 20,000 Sq. Ft. store located across the street from Genesee Valley Mall and next to a Target Store. • One of the Largest Retailers Dedicated to Men's Clothing Providing Scale and Leverage Across Brands. The location has Strong Demographics and Traffic Counts.

Market Context

This retail in Flint, MI is listed for sale. It is offered at an approximate 8.2% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 53 days. Compare it against other retail listings for sale in Flint, MI — <a href="/search/sale/retail/michigan/flint">view the full market</a>.

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