Your email has been sent.
Starbucks 4370 Lake Michigan Dr NW 2,240 SF Retail Building Walker, MI 49534 $1,636,251 ($730.47/SF) 6.40% Cap Rate
Investment Highlights
- High-performing Starbucks in the 84th percentile nationwide for foot traffic and sales, per Placer.ai data.
- Prime Meijer outparcel location in a dense retail corridor with strong national QSR co-tenancy.
- Leased to Starbucks, an investment-grade, publicly traded tenant with a corporate guarantee.
- Current lease rate is below market, offering embedded rent growth and long-term cash flow durability.
- Excellent visibility and access with over 45,000 vehicles per day along Lake Michigan Avenue.
- New 2022 construction with Starbucks’ latest prototype, minimizing near-term capital expenditures.
Executive Summary
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts Under Contract
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks is a publicly traded coffeehouse and beverage company focused on the sourcing, roasting, and retailing of coffee and related products. Founded in 1971 in Seattle, Washington, the company began as a retailer of whole bean coffee and coffee equipment before evolving into a café-based model in the late 1980s. Starbucks operates company-owned and licensed locations across the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region, supported by regional offices and corporate functions. The company’s operations include retail stores, roasting facilities, and supply chain infrastructure that supports both in-store and packaged goods channels. Starbucks has expanded its portfolio over time to include tea-based beverages, food offerings, and ready-to-drink products distributed through grocery and foodservice partners. The company has also developed premium concepts, including Starbucks Reserve, which emphasizes small-batch coffee and experiential retail formats. Starbucks is listed on the Nasdaq under the ticker symbol SBUX. Its corporate headquarters, known as the Starbucks Center, is located in Seattle and houses executive leadership, global operations, and administrative functions.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-13-30-201-084 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $627,700 |
Property Taxes
Presented by
Starbucks | 4370 Lake Michigan Dr NW
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.