Michael Lamb - Commercial Real Estate Showcase

Michael Lamb Property Listings
Lamb Net Lease LLC
1306 Wells St
Ann Arbor, MI 48104
(608) 692-1910


Michael Lamb serves as a Senior Advisor for Sperry Van Ness/Stewart Commercial Group, LLC specializing in the sale of investment property as well as retail... More
Michael Lamb serves as a Senior Advisor for Sperry Van Ness/Stewart Commercial Group, LLC specializing in the sale of investment property as well as retail, office, and industrial tenant/landlord representation throughout Southeastern Michigan. Lamb has a particular expertise in multifamily investment real estate and is a member of the Sperry Van Ness National Apartment Team.

Prior to joining Sperry Van Ness/Stewart Commercial Group, LLC, Lamb served as Investment Broker for Hovde Prop Less 
DetailMap
3489 Miller Road - Chuck E Cheese's

Flint, MI 48503-4607 - Northern Outlying Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1983
Building Size:10,400 SF Land Area:3.56 AC (155,074 SF)
For Sale Price:$2,000,000 Price/SF:$192.31
Cap Rate:6.66 %
Parking:Free Surface spaces


* Freestanding restaurant building
* The property is being sold on an all cash basis

Sale Notes:
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.

Lamb Net Lease LLC
Michael Lamb
(608) 692-1910




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