Owen Rd Listing Details & Market Data

The Property features street frontage along Owen Road, accessible via a shared access drive with Target retailer ensuring frequent visitation and ease of access by an average 37,990 vehicles per day. The Property offers immediate access to US-23, which supports 70,600+ VPD at the nearest intersection. Fenton, Michigan is a city in Genesee County located in southeastern Michigan about 58 miles north of Detroit and 39 miles northwest of Ann Arbor. As of the 2020 Census, the population was 406,211, making it the fifth-most populous county in Michigan. The county seat and population center is Flint. Genesee County is considered to be a part of the greater Mid Michigan area.Aldi grocery store located at 3235 Owen Road Fenton, MI. Newly executed 20-year ground lease by Aldi, Inc. and comprises of a newly- constructed 20,664 square foot "build-to-suit" grocery store. The Property is positioned with direct frontage to Owen Road (37,990+VPD) and features direct access from US 23, which supports 90,912+ VPD. The surrounding area contains a dense, affluent customer base of 45,625 residents earning an average household income of $126,958 annually. The Offering comprises of a rare opportunity to acquire this newly-constructed grocery store with a long-term lease in this highly desirable, Metro-Detroit area.