Offering Memorandum
Investment Sale
Silver Pointe & Silver Lake Shopping Center
17005-17375 & 18005-18035 Silver Parkway
Fenton, Michigan
Fenton, Michigan
eCode:081i
Sales Price
Unpriced
NOI
$2,339,823
Building Size
164,632 SF
Lot Size
21.88 AC
Year Built
1996, & 1997 & 2005
Anchor(s)
VG's Grocery & Dunham's Sports
Traffic Count
US-23 (54,646 CPD)
Silver Parkway (16,828 CPD)
Owen Rd (17,407 CPD)
Highlights
High-performing regional grocery-anchored center generating $38 million in annual sales (exceeding $600 psf with a 2.9% health ratio), strategically positioned in the dominant retail corridor of a highly affluent market with an average household income of $130,553 within a 3-mile radius.
- Stable Anchor Tenant – VG’s Grocery
- Prime Location in Growing Market with Diverse Tenant Mix
- Value-Add and Upside Opportunities
- Recent Capital Improvements
| Radius | 3 Mile | 5 Mile | 10 Mile |
| Population Density | 28,829 | 45,663 | 109,757 |
| Household Income | $130,553 | $131,826 | $123,883 |
| Daytime Pop | 8,890 | 11,498 | 26,015 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF