1079 E Caro Rd - Restaurant FOR SALE


Caro, MI 48723
$2,593,309 USD
201-919-6148
1079 E Caro Rd, Caro, MI for Sale
$2,593,309 USD
Restaurant - FOR SALE
1/2
null | 6.15% Cap Rate

1079 E Caro Rd
Caro, MI 48723


HIGHLIGHTS

  • New 10-Year Net Lease with Rental Increases
  • Brand New 2025 Construction with Roof Warranty
  • Outparcel to Walmart Supercenter
  • No Coffee Competition

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in a single-tenant Starbucks in Caro, MI (the "Property”). The Property was built in 2025 and consists of a brand new 2,511-square-foot freestanding building situated on a large ~1.1-acre parcel with ample parking and a drive-thru. The Property is 100% occupied by Starbucks under a passive net lease with landlord responsibilities limited to the building's roof, structure, and parking lot. The lease also features rental increases every five (5) years, including during each renewal option, offering investors a hedge against inflation.

FOR SALE DETAILS

PRICE

$2,593,309 USD

PRICE/SF

$782 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

050-035-000-2400-00,050-035-000-2500-00

ASK ABOUT THIS PROPERTY

Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Christian TremblayNorthmarqMore Info
201-919-6148

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.