Log In/Sign Up
4370 Lake Michigan Dr NW
Walker, MI 49534
Starbucks · Retail Property For Sale
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.
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,240 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.11 AC
Zoning
CPUD
Parking
18 Spaces (8.04 Spaces per 1,000 SF Leased)
Frontage
79’ on Lake Michigan Drive North
Property Taxes
| Parcel Number | 41-13-30-201-084 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $627,700 |
Property Taxes
Parcel Number
41-13-30-201-084
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$627,700
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
