Starbucks and Development Land 2 Properties Offered at $2,560,000 in Lake Orion, MI
INVESTMENT HIGHLIGHTS
- Long History of Occupancy at site since 2000.
- Outparcel to 1.93 Acres of Developable Land (Also Offered for Sale).
- Affluent Area with Average Household Incomes of $77,000 and $93,000 within a 1 and 5-mile respectively.
- 10-Year Lease Renewal with Eight Years Remaining.
- Investment Grade Tenant (S&P: A) | Starbucks is the #1 Coffee Retailer in the World.
- 58,000 Residents Within a 5-mile Radius .
EXECUTIVE SUMMARY
Starbucks allocation $1,458,000 - 5.25% cap, $72,256 NOI.
Land allocation $1,102,000.
Land allocation $1,102,000.
PROPERTY FACTS
| Price | $2,560,000 |
| Price / SF | $2,327 / SF |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 1,100 SF |
| Total Land Area | 2.99 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| S Lapeer Rd @ Odanah St, Lake Orion, MI 48362 | Land | 2.00 AC | - | - |
|
Starbucks
590 S Lapeer Rd, Lake Orion, MI 48362 |
Retail | 1,100 SF | 1980 | - |
1 of 1
