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
8791 KY-1
Grayson, Kentucky

$1,321,920 | 9,190 SF
Multi-Tenant
4157-4245 E Court St
Burton, Michigan

$8,800,000 | 135,170 SF
Multi-Tenant
115 S Reynolds Rd
Toledo, Ohio

$2,280,000 | 23,100 SF
Single-Tenant
219 Jari Dr
Johnstown, Pennsylvania

$4,493,493 | 19,200 SF

Offering Memorandum

Confidentiality Agreement*

Download Agreement