15130 Silver PkwyFenton, MI 48430

Property Details for 15130 Silver Pkwy

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.18 AC

Property size (Sq ft)

6,786 SF

Zone code

GBD

Property type

Commercial real estate

APN

53-27-651-030

APU

5327651030

Description

This exceptional investment opportunity presents a fee-simple interest in a 7,604 square foot O'Reilly Auto Parts store located at 15130 Silver Pkwy, Fenton, MI 48430. The property, built in 2007, boasts all-brick construction and sits on a 1.18-acre lot. Currently operating under a Net Lease (NN) agreement with a credit-rated, corporate-guaranteed tenant, O'Reilly Auto Parts, the lease has five years remaining with a five-year option to extend at 110% of the current base rent. The property generates a strong net operating income (NOI) of $154,000, representing a 6.42% cap rate on the $2,400,000 asking price. The tenant is responsible for property taxes, insurance, and most maintenance, including HVAC, landscaping, and parking lot upkeep. Landlord responsibilities are limited to roof, structure, foundation, utility systems, and HVAC replacement. Recent improvements include a $29,700 HVAC replacement in 2024. The property benefits from a prime location on Silver Pkwy, surrounded by other major retailers such as Home Depot, Walmart, and TJ Maxx, serving a strong demographic with over 45,000 people within a 5-mile radius and an average household income exceeding $109,000. O'Reilly Auto Parts is the largest auto parts retailer nationally, providing investment-grade security and financial stability. This single-story building offers a compelling investment opportunity with significant upside potential.

Location Insight

City

Fenton

County

Genesee

State

Michigan

Latitude

42.8025

Longitude

-83.7344

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].