Famous Dave's Bar-B-Que
3558 Miller Road, Flint, Michigan 48507
$3,548,500
$562 / sq ft 7% cap rate Listed Jul 28, 2026
6,315 sqft
Building
2 acres
Lot
1985
Built
1
Stories
135
Parking
1
Units
About this property
Famous Dave's Bar-B-Que is a retail for sale in Flint, Michigan, listed at $3,548,500. Key details: year built 1985, building size 6,315 sqft, lot size 2 acres, stories 1. Listed by Ayson Shammami of APEX Commercial Real Estate Advisors on LoopingCloud and last updated July 28, 2026.
Brand-New 15-Year Lease Extension with Corporate Guarantee
This 6,315 SF single-tenant restaurant property anchored by Famous Dave's presents a premier turn-key commercial real estate investment opportunity in Flint, Michigan. Offering ultimate income stability, the tenant recently demonstrated exceptional commitment to this location by executing a brand-new 15-year lease renewal.
Priced at $3,548,500 with a competitive 7.00% Cap Rate ($248,395 NOI), the asset features a Corporate Guaranty backed directly by Famous Dave’s parent company (BBQ Holdings / MTY Food Group), delivering financial stability and peace of mind. Featuring a 100% passive Absolute NNN lease structure, the tenant covers all operational expenses, insurance, real estate taxes, and building maintenance, leaving zero landlord responsibilities.
Situated on a generous 1.64-acre parcel along Miller Road, this property also sits within a designated Opportunity Zone, unlocking tax incentives and long-term capital gains benefits for strategic investors.
Investment Highlights & Financial Breakdown
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Brand-New 15-Year Term Extension: Long-term lease security backed by recent renewal, demonstrating strong historical sales performance and tenant commitment.
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Strong Corporate Guarantee: Lease backed by Famous Dave's parent corporate entity, providing corporate credit support and dependable cash flow.
-
100% Passive Absolute NNN Structure: Zero landlord management or maintenance obligations—perfect for hands-off 1031 exchange buyers.
-
Desirable Financial Returns: Offered at $3,548,500 generating a stable Net Operating Income (NOI) of $248,395, delivering a strong 7.00% cap rate.
-
Prime High-Traffic Location: Situated along a major retail thoroughfare with 200 feet of direct frontage on Miller Road for maximum visibility and effortless ingress/egress.
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Opportunity Zone Tax Benefits: Located in a designated Opportunity Zone, offering capital gains tax deference and potential long-term tax advantages.
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Exceptional Parking & Accessibility: Features 135 dedicated parking spaces (21.38 per 1,000 SF ratio) and convenient access to local bus transit lines.
Strategic Corridor & Site Advantages
Positioned along Miller Road—one of Flint’s most active commercial retail arteries—this standalone restaurant benefits from strong surrounding retail synergy, high consumer traffic, and outstanding road frontage. The generous 1.64-acre lot footprint and ample parking capacity easily handle high-volume dining hours, while pylon signage optimizes brand visibility.
Comprehensive Property Specifications
| Asset Parameter | Property Details |
| Property Name | Famous Dave's BBQ |
| Property Location | Flint, MI (Miller Road Corridor) |
| Property Type | Retail / Standalone Restaurant |
| Tenant / Guarantor | Famous Dave's (Corporate Guarantee) |
| Lease Type | Absolute NNN (Zero Landlord Responsibilities) |
| Lease Term | 15-Year Recent Extension |
| Purchase Price | $3,548,500 |
| Cap Rate | 7.00% |
| Net Operating Income (NOI) | $248,395 |
| Building Size | 6,315 SF |
| Price Per SF | $561.92 / SF |
| Lot Size | 1.64 Acres |
| Year Built | 1985 |
| Opportunity Zone | Yes |
| Zoning | B2 (Commercial Business, Flint) |
| Parking Capacity | 135 Spaces (21.38 / 1,000 SF) |
| Frontage | 200 Feet on Miller Road |
Key highlights
- Occupied
- Net Lease Investment
- Zoning B2, Flint
- Tenancy Single
- Price Per SF $561.92
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1985
- Building Size
- 6,315 sqft
- Lot Size
- 2 acres
- Stories
- 1
- Parking Spaces
- 135
- Total Units
- 1
- Building Class
- Class B
- Occupied
- Yes
- Occupancy
- 100%
- Property Status
- Normal Sale
- Building Status
- Existing
- Net Lease Investment
- Yes
Pricing details
- Net Operating Income
- $248,395
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
7%
Cap rate
$248,395
Net operating income
$562
Price per sq ft
Actual - Cash Flow
Source: Yearly tax returns
Gross incomeNet operating income
| Year | Gross income | Effective gross | Expenses | NOI | Pre-tax cash flow | Cap rate |
|---|---|---|---|---|---|---|
| 2026 | - | - | - | $248,395 | - | - |
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $3,548,500 | 7% | - | - | - |
Features and amenities
Property Features
- Zoning: B2, Flint
- Tenancy: Single
- Price Per SF: $561.92
Highlights
- Tenant recently renewed their lease for a 15-Year Term Showing Strong Commitment to the location
- Absolute NNN Lease – Zero landlord responsibilities, providing a passive income stream
- Strong Corporate Guarantee – Backed by Famous Dave’s parent company, ensuring financial stability
- Prime Retail Location – Situated in a high-traffic commercial corridor with strong retail synergy
- High Visibility & Access – Excellent frontage on a major thoroughfare with easy ingress/egress
- Established Tenant with National Recognition – Famous Dave’s is a well-known barbecue restaurant brand with a loyal customer base
- Attractive Cap Rate – Competitive return for a stable, long-term investment
- Recession-Resistant Tenant: Famous Dave’s has a proven track record of success, offering a stable investment even in fluctuating economic conditions
- Well-Maintained Property: Modern building with recent upgrades and strong operational history, minimizing near-term capital expenditures
- Thriving Retail Corridor: Located in a high-traffic commercial district with national retailers, grocery stores, and complementary restaurants, ensuring strong consumer draw
Location
Address as shown by the lister.
Get directionsAbout this area - Flint
- Population
- 33,099
- Housing units
- 15,597
- Land area
- 21.7 sq mi
- County
- Genesee
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Property documents
1 file to downloadFrequently asked questions
What is the asking price of Famous Dave's Bar-B-Que?
Famous Dave's Bar-B-Que is listed at $3,548,500. That works out to about $562 per square foot. The stated cap rate is 7%.
Where is Famous Dave's Bar-B-Que located?
The property is in 3558 Miller Road, Flint, Michigan 48507, Genesee County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 6,315 sqft. The lot is 2 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Ayson Shammami of APEX Commercial Real Estate Advisors listed this property. Use the Request Info button to send a message or call (248) 554-5709.
When was this listing published?
It was published on July 28, 2026 and last updated on July 28, 2026.
Listing information
- Listing ID
- CL-Michigan-28094
- Published
- Jul 28, 2026
- Last updated
- Jul 28, 2026
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