Fenton Shopping Center

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Fenton Shopping Center

18055 Silver Pkwy Fenton MI Genesee County

Sales Price: UNPRICED

Contact Person(s): Daniel Kukes
Kevin Baker
Jason Greenspan
Maxwell Lippitt

Description:

NEW 2020 CONSTRUCTION:

  • The subject property was redeveloped from a vacant Kmart in 2020. Ownership installed a new roof and a parking lot during the redevelopment process.

LONG TERM TENANCY:

  • All of the tenants are operating under long term leases giving a buyer group long term stability with low risk of tenant turnover. TJ Maxx and Skechers expire in 2029, all other tenant leases expire in 2030.

BEST IN CLASS TENANTS/CREDIT STRENGTH:

  • TJ Maxx, Old Navy, Skechers and Michaels are considered best in class, ecommerce resistance tenants. TJ Maxx has an investment grade A2 credit rating, and Michaels have seen an upgrade in their credit rating with Moody’s upgrading the company to a Ba3 rating.
  • All of tenants in the center have expanded and excelled during the pandemic.

EXCELLENT FREEWAY EXPOSURE:

  • The subject property sits at the Owen Road exit off of US-23 (51,800 CPD).

Building Size: 76,427 SF

Zoning: Commercial

Tenant Roster: TJ Maxx, Michaels, Old Navy, Five Below, Carter's & Skechers Outlet

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 3,055 27,124 43,298
Avg. HH Income: $83,714 $97,966 $102,540

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.