3235 Owen Rd, Fenton, MI 48430-1755

This exceptional investment opportunity presents a newly constructed, 20,664-square-foot Aldi grocery store in Fenton, Michigan. The property boasts a 20-year ground lease (commencing January 1, 2024, and expiring January 1, 2044) with a prominent location on Owen Road (37,990+ vehicles per day) and direct access to US-23 (90,912+ vehicles per day). The building, constructed in 2024, is classified as Class A and benefits from a strong, affluent customer base of 45,625 residents with an average household income of $126,958. The lease includes rent bumps, providing a hedge against inflation. The 3.67-acre lot is zoned GBD (PUD). This single-tenant, net lease investment offers a 4.70% cap rate and is priced at $3,915,000 ($189.46/sq ft). The lease is backed by Aldi, Inc., a globally recognized grocery chain. This is a 1031 exchange eligible property. The property's prime visibility and connectivity, combined with the long-term lease and strong tenant, make this a compelling investment opportunity in the desirable Metro Detroit area.