Starbucks and Development Land FOR SALE


Lake Orion, MI
$2,560,000 USD
248-702-0288
, Lake Orion, MI for Sale
$2,560,000 USD
FOR SALE
1/8
null | Request Cap Rate

Starbucks and Development Land
Lake Orion, MI


HIGHLIGHTS

  • Long History of Occupancy at site since 2000.
  • 10-Year Lease Renewal with Eight Years Remaining.
  • Outparcel to 1.93 Acres of Developable Land (Also Offered for Sale).
  • Investment Grade Tenant (S&P: A) | Starbucks is the #1 Coffee Retailer in the World.
  • Affluent Area with Average Household Incomes of $77,000 and $93,000 within a 1 and 5-mile respectively.
  • 58,000 Residents Within a 5-mile Radius .

OVERVIEW

Starbucks allocation $1,458,000 - 5.25% cap, $72,256 NOI. Land allocation $1,102,000.

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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