18555 Silver Pkwy, Fenton, MI 48430-3448

This exceptional investment opportunity presents a 8,160-square-foot Texas Roadhouse restaurant in Fenton, Michigan. Located at 18555 Silver Pkwy, this single-tenant property boasts a new 15-year ground lease (commencing March 1, 2023, and expiring February 1, 2038), offering 13.2 years of remaining lease term. The lease includes 10% rent bumps every five years and four, five-year renewal options. Built in 2023, the property sits on a 1.62-acre lot and provides ample parking (151 spaces). With 100% occupancy and a strong 5.25% cap rate, this investment offers a compelling return at $2,476,190 ($303.45/sq ft). The property benefits from excellent credit tenancy, significant growth potential, and a strategic retail location within a robust demographic area. This is a rare chance to acquire a high-performing, long-term ground lease investment in a desirable Michigan market. The property features one building, one story, and is classified as retail.