18555 Silver PkwyFenton, MI 48430

Property Details for 18555 Silver Pkwy

Lot size

1.65 AC

Zone code

GBD

Property type

Commercial land

APN

53-34-100-043

APU

5334100043

Description

This exceptional investment opportunity presents a 8,160-square-foot Texas Roadhouse restaurant in Fenton, Michigan. Located at 18555 Silver Pkwy, this single-tenant property boasts a new 15-year ground lease (commencing March 1, 2023, and expiring February 1, 2038), offering 13.2 years of remaining lease term. The lease includes 10% rent bumps every five years and four, five-year renewal options. Built in 2023, the property sits on a 1.62-acre lot and provides ample parking (151 spaces). With 100% occupancy and a strong 5.25% cap rate, this investment offers a compelling return at $2,476,190 ($303.45/sq ft). The property benefits from excellent credit tenancy, significant growth potential, and a strategic retail location within a robust demographic area. This is a rare chance to acquire a high-performing, long-term ground lease investment in a desirable Michigan market. The property features one building, one story, and is classified as retail.

• Alternative Use

  Use

  Valuation

  Residential

  $14,074,683

  Hospitality

  $12,892,334

  Educational

  $10,726,270

  Medical

  $11,095,163

  Retail

  $16,685,309

Location Insight

City

Fenton

County

Genesee

State

Michigan

Latitude

42.7922

Longitude

-83.7417

CBSA code

22420

CBSA name

FLINT, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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