4370 Lake Michigan Dr NW - Restaurant FOR SALE
Walker, MI 49534 |
$1,636,251 USD
216-367-7884
4370 Lake Michigan Dr NW
Walker, MI 49534
HIGHLIGHTS
- High-performing Starbucks in the 84th percentile nationwide for foot traffic and sales, per Placer.ai data.
- Current lease rate is below market, offering embedded rent growth and long-term cash flow durability.
- Prime Meijer outparcel location in a dense retail corridor with strong national QSR co-tenancy.
- Excellent visibility and access with over 45,000 vehicles per day along Lake Michigan Avenue.
- Leased to Starbucks, an investment-grade, publicly traded tenant with a corporate guarantee.
- New 2022 construction with Starbucks’ latest prototype, minimizing near-term capital expenditures.
FOR SALE DETAILS
PRICE
$1,636,251 USD
PRICE/SF
$454 USD /SF
CAP RATE
6.4%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.12 AC
LAND SF
48,787 SF
ZONING
CPUD
APN/PARCEL ID
41-13-30-201-084
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216-367-7884
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216-367-7884
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