Starbucks | Grosse Pointe Woods, MI

Agent Info

Evan Lyons

248.702.0298
elyons@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

19727 Mack Ave
Grosse Pointe Woods, MI 48236

  • Price: $1,365,800
  • Cap. Rate: 6.15%
  • NOI: $84,000
  • Building Size: 1,600SF
  • Lot Size: .25 AC

Investment 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 with-in a One Mile of Subject Property
  • Located as a Major Retail Corridor Running North-South Through Town, Even-tually 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