Shopping Strip
Beacon Square Starbucks Strip Center
402 N Beacon Blvd, Grand Haven, MI 49417
Listing Price: $4,575,000
Investment Overview
Fully Occupied 12,372 SF Starbucks-Anchored Strip with Six Tenants on Triple-Net Leases. Outparcel to Home Depot, Staples, and West Marine – Positioned at the Primary Entrance. Irreplaceable 72,000 VPD “Main & Main” Location with 13 Lanes of Traffic. Grand Haven Harbor Draws Over 2 Million Visitors Annually | Top-2 Ranked Freshwater Beach in America (USA Today).
Beacon Square Starbucks Strip Center
Investment Highlights
- Fully Occupied 12,372 SF Starbucks-Anchored Strip with Six Tenants on Triple-Net Leases
- Starbucks Occupies Endcap with Drive-Thru | Only Traditional Starbucks in Grand Haven | Next Nearest = Seven-Miles Away | Recent Five-Year Renewal
- Below-Market Rents: $22.24 per SF Avg. for Non Drive-Thru Units; $41 per SF for End-Cap Drive-Thru
- Five of Six Tenants Have Either 2 Percent per Annual or 10 Percent - 12 Percent per Five-Years Rent Increases
- 100 Percent Triple-Net Lease Structure with 100 Percent Reimbursement of Tax/Ins/CAM/Mgt Expenses + Additional $5,000 of Admin Income per NOI
- National/Regional Lineup Includes Starbucks, Tropical Smoothie Cafe, & Wild Bill's Tobacco
- Excellent Fundamentals: Four Rows of Parking / Uninhibited Visibility / Small Bays / Eye- Catching Storefront Designs
- Excellent Fundamentals: Four Rows of Parking / Uninhibited Visibility / Small Bays / Eye- Catching Storefront Designs
Listing Price: $4,575,000
Investment Highlights
- Fully Occupied 12,372 SF Starbucks-Anchored Strip with Six Tenants on Triple-Net Leases
- Starbucks Occupies Endcap with Drive-Thru | Only Traditional Starbucks in Grand Haven | Next Nearest = Seven-Miles Away | Recent Five-Year Renewal
- Below-Market Rents: $22.24 per SF Avg. for Non Drive-Thru Units; $41 per SF for End-Cap Drive-Thru
- Five of Six Tenants Have Either 2 Percent per Annual or 10 Percent - 12 Percent per Five-Years Rent Increases
- 100 Percent Triple-Net Lease Structure with 100 Percent Reimbursement of Tax/Ins/CAM/Mgt Expenses + Additional $5,000 of Admin Income per NOI
- National/Regional Lineup Includes Starbucks, Tropical Smoothie Cafe, & Wild Bill's Tobacco
- Excellent Fundamentals: Four Rows of Parking / Uninhibited Visibility / Small Bays / Eye- Catching Storefront Designs
- Excellent Fundamentals: Four Rows of Parking / Uninhibited Visibility / Small Bays / Eye- Catching Storefront Designs
Investment Overview
Fully Occupied 12,372 SF Starbucks-Anchored Strip with Six Tenants on Triple-Net Leases. Outparcel to Home Depot, Staples, and West Marine – Positioned at the Primary Entrance. Irreplaceable 72,000 VPD “Main & Main” Location with 13 Lanes of Traffic. Grand Haven Harbor Draws Over 2 Million Visitors Annually | Top-2 Ranked Freshwater Beach in America (USA Today).
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