3259 Owen Rd | Fenton, MI 48430
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3259 Owen Rd
Fenton, MI 48430
Retail Property For Sale
Investment Highlights
- The property was recently built in 2016 and its tenants include Ulta, Famous Footwear, Maurice's, Kay Jewelers, and Silver Lake Nails.
- Shoppes of Fenton is surrounded by affluent demographics, with around 30k residents within a 3-mile radius.
- Accessible via Owen Road, the property sees over 15,000 vehicles daily. It boasts highway visibility from US-23, with traffic exceeding 50,000 VPD.
- Average household income exceeding $100,000 annually.
Executive Summary
100% occupied, 5-tenant retail center, shadow-anchored by Target and Tractor Supply Company.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,000 SF
Building Class
B
Year Built
2016
Price
£4,308,150
Price Per SF
£172
Net Initial Yield
8%
NOI
£344,652
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Lot Size
4.07 AC
Zoning
GBD - General Business District
Parking
85 Spaces (3.4 Spaces per 1,000 SF Leased)
Frontage
231 ft on Owen Rd
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalised Intersection
PROPERTY TAXES
| Parcel Number | 53-34-300-047 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,724,748 |
PROPERTY TAXES
Parcel Number
53-34-300-047
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,724,748
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