Starbucks – Jimmy John’s | Sterling Heights, MI

Agent Info

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Ryan Vinco

248.702.0299
ryan@encorereis.com

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Offering Information

36350 Van Dyke
Sterling Heights, MI 48312

  • Price: $1,970,000
  • Cap. Rate: 6.50%
  • NOI: $128,000
  • Building Size: 3,763SF
  • Lot Size: 1.50 AC

Investment Highlights

  • NNN Lease Structure | Minimal Landlord Responsibilities
  • New Construction | Build to Suit for Starbucks & Jimmy Johns in 2004
  • Starbucks Investment Grade Tenant; S&P Rated “A”
  • Jimmy John's was named #1 on the Entrepreneur 2016 Franchise 500
  • Outparcel to a 200,000 SF Meijer Supermarket with Shared Access
  • Busy Retail Corridor w/ Traffic Counts of 63,893 VPD+/- on Van Dyke
  • Densely Populated Area | 5 Mile Population Surrounding Investment Property Exceeds 281,350
  • Located in the Area’s Premier Retail Corridor with National Tenants such as Meijer, Panera Bread, Home Depot, Fedex, Applebee’s, Dollar Tree, OfficeMax, Taco Bell, Tim Hortons, and Many More
  • Average Household Income Exceeds $76,300 in 1 Mile Radius
  • 168,800+ Employees within 5 Mile Radius Surrounding Property