Offering Memorandum

Investment Sale

Texas Roadhouse

18555 Silver Pkwy
Fenton, Michigan

eCode:068i

Sales Price

$2,476,190

Cap Rate

5.25%

Building Size

8,160 SF

Lot Size

1.62 AC

Year Built

2023

Highlights

  • Excellent Credit Tenancy & Growth
  • New 15-Year Lease Executed in 2023
  • Strategic Retail Location
  • Ground Lease
  • Strong Demographics

Radius 1 mile 3 mile 5 mile
Population Density 3,998 29,252 46,341
Household Income $84,778 $123,938 $129,985
Daytime Pop 3,962 8,616 11,386

SIMILAR PROPERTIES

Single-Tenant
408 W Maumee St
Adrian, Michigan

$1,732,143 | 19,833 SF
Multi-Tenant
4025 24th Ave
Fort Gratiot, Michigan

$10,200,000 | 86,923 SF
Multi-Tenant
1830-1879 172nd Ave
Grand Haven, Michigan

$4,287,781 | 31,034 SF
Multi-Tenant
8747-8751 Brecksville Rd
Brecksville, Ohio

$3,213,174 | 10,603 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement