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
Multi-Tenant
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Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Ann Arbor, Michigan
$5,500,000 | 45,390 SF
Single-Tenant
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Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Multi-Tenant
6029-6035 E Virginia Beach Blvd
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$2,037,959 | 16,325 SF
Norfolk, Virginia
$2,037,959 | 16,325 SF
Multi-Tenant
205 S. Greenville West Dr
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$8,000,000 | 95,054 SF
Greenville, Michigan
$8,000,000 | 95,054 SF