15130 Silver Pkwy, Fenton, MI 48430-3460

This exceptional investment opportunity presents a fee-simple interest in a 7,604 square foot O'Reilly Auto Parts store located at 15130 Silver Pkwy, Fenton, MI 48430. The property, built in 2007, boasts all-brick construction and sits on a 1.18-acre lot. Currently operating under a Net Lease (NN) agreement with a credit-rated, corporate-guaranteed tenant, O'Reilly Auto Parts, the lease has five years remaining with a five-year option to extend at 110% of the current base rent. The property generates a strong net operating income (NOI) of $154,000, representing a 6.42% cap rate on the $2,400,000 asking price. The tenant is responsible for property taxes, insurance, and most maintenance, including HVAC, landscaping, and parking lot upkeep. Landlord responsibilities are limited to roof, structure, foundation, utility systems, and HVAC replacement. Recent improvements include a $29,700 HVAC replacement in 2024. The property benefits from a prime location on Silver Pkwy, surrounded by other major retailers such as Home Depot, Walmart, and TJ Maxx, serving a strong demographic with over 45,000 people within a 5-mile radius and an average household income exceeding $109,000. O'Reilly Auto Parts is the largest auto parts retailer nationally, providing investment-grade security and financial stability. This single-story building offers a compelling investment opportunity with significant upside potential.