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Evan Lyons

Encore Real Estate Investment Services

 

 

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Published on: Friday, September 29, 2017 3:19:55 PM
Updated on: Friday, September 29, 2017 3:19:55 PM
Purchase with B2B
 Purchase with B2B  Purchase with Business to Business
Quick Glance

Listing ID: CL-Michigan-91410

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 1999

  

Building Size: 1,600 SqFt

Lot Size: 0 Acre

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: The Property is 1,600 SF and Sits on Approximately 0.25 Acres of Land. Starbucks has Been Operating at this Site Since 1999, There is Currently Just Under 4 Years Remaining on The Extended Term of Six (6) Years with (3) 5 Year Option Periods.

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 6.15

Commission Split (%): 0

Complete Details

Year Build: 1999

Building Size: 1,600 SqFt.

No of Stories: 0

Total Lot Area: 0.25 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description

The Property is 1,600 SF and Sits on Approximately 0.25 Acres of Land. Starbucks has Been Operating at this Site Since 1999, There is Currently Just Under 4 Years Remaining on The Extended Term of Six (6) Years with (3) 5 Year Option Periods.

Additional Properties

Property Highlights
  • The Property is 1,600 SF and Sits on Approximately 0.25 Acres of Land
  • Starbucks has Been Operating at this Site Since 1999
  • There is Currently Just Under 4 Years Remaining on The Extended Term of Six (6) Years with (3) 5 Year Option Periods
  • Rare Absolute NNN Investment - Zero Landlord Responsibilities
  • The Store is Located at the Corner of Mack and Allard Avenues in the Affluent Suburb of Grosse Pointe Woods | Average Household Income of $91,044 within a One Mile of Subject Property
  • Located as a Major Retail Corridor Running North-South Through Town, Eventually Leading to Downtown Detroit
  • Dense 3 Mile Population of 127,233
  • This Stretch of Mack Ave is Zoned Commercial Business, the Area Immediately Surrounding the Starbucks is Populated by Single-Story Office and Retail Buildings, Many of Them Banks and Private Medical Offices

Attached Documents

 Download | Starbucks - Grosse Pointe, MI - Encore ELyons.PDF ( 3,848.07KB)

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