Skip to main content

Restaurant

Starbucks w/ Dr-Thru | Prime Location - One of Michigan’s most Affluent Residential Communities

30734 Woodward Ave, Royal Oak (Detroit MSA), MI 48073

Listing Price: $2,667,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
2.5
Gross SF
1,820
Guarantor
Corporate Guarantee
Rentable SF
1,820
Price/Gross SF
$1,465.38
Lease Type
Double Net
Rent Per Square Feet
$76.92

Investment Overview

Royal Oak is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57,236. It is the 8th largest municipality in Oakland County and the 27th largest municipality in Michigan by population. Downtown Royal Oak features a wide assortment of nightlife venues, including the Royal Oak Music Theatre and the Landmark Main Art Theatre. Oakland County is Michigan’ s leading center for international commercial activity with 721 companies representing 37 countries with business locations in the county. More than 561,000 people work in Oakland County’ s 37,356 private sector business establishments. Major employers in Royal Oak include William Beaumont Hospital with 7,147 employees, The City of Royal Oak with 465 employees, Royal Oak Public Schools with 482 employees, Oakland Community College with 448 employees, Consumers Energy with 351 employees, Flex-N-Gate with 350 employees, the Detroit Zoo with 301 employees, Holiday Market with 300 employees, and HHI- Form Tech with 290 employees. Points of interest include the Detroit Zoo, a major regional tourist attraction, the William Beaumont Hospital, the Royal Oak Music Theatre, the Main Art Theatre, the Baldwin Theatre, Mark Ridley’s Comedy Castle, Emagine Theater, and shops, cafes, and restaurants. The main offices of Hour Detroit media, which publishes Metro Detroit’s lifestyle magazine, are located in the city.

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring Rental Increases at Each Option. Strong Performing Location per Placer.ai: Ranked Top 40% in the Chain Nationally based on Foot Traffic.
  • Positioned Along Area's Traffic, Retail & Medical Corridor. Features Easy Access and Excellent Visibility with High Daily Traffic Counts Exceeding 113k Vehicles. Strong Daytime Employment Area.
  • The Site sits along the Nationally Recognized, 8-Lane thoroughfare of Woodward Ave, just South of the Bustling 13 Mile Road & Woodward Intersection.
  • Located in Highly Desired Royal Oak, MI - one of Michigan's most Affluent Residential Communities and within Oakland County - Top-10 Wealthiest County in the Nation.
  • Directly across from Beaumont Hospital, one of Oakland County' s Largest Medical Campuses w/ 1,070+ Beds. Ranked on the U.S. News & World Report as the #2 best in MI after University of Michigan Hospital.
  • Every Year on the 3rd Day of August, the Woodward Dream Cruise event is held along Woodward Ave, drawing over 1.5M People. It is the World Largest One-Day Automotive Event.
  • Densely Populated and Affluent Area: Features an Average Household Income of $110k+ within a 3-Mile Radius and more than 295k People Residing within a 5-Mile Radius.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion. On every Labor Day weekend The Annual Soaring Eagle Arts, Beats & Eats takes place in Downtown Royal Oak. Over 330,000 Visitors Attend the Festival Annually.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Restaurant

Starbucks w/ Dr-Thru | Prime Location - One of Michigan’s most Affluent Residential Communities

Listing Price: $2,667,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
2.5
Gross SF
1,820
Guarantor
Corporate Guarantee
Rentable SF
1,820
Price/Gross SF
$1,465.38
Lease Type
Double Net
Rent Per Square Feet
$76.92

Investment Highlights

  • Starbucks w/ Drive-Thru Featuring Rental Increases at Each Option. Strong Performing Location per Placer.ai: Ranked Top 40% in the Chain Nationally based on Foot Traffic.
  • Positioned Along Area's Traffic, Retail & Medical Corridor. Features Easy Access and Excellent Visibility with High Daily Traffic Counts Exceeding 113k Vehicles. Strong Daytime Employment Area.
  • The Site sits along the Nationally Recognized, 8-Lane thoroughfare of Woodward Ave, just South of the Bustling 13 Mile Road & Woodward Intersection.
  • Located in Highly Desired Royal Oak, MI - one of Michigan's most Affluent Residential Communities and within Oakland County - Top-10 Wealthiest County in the Nation.
  • Directly across from Beaumont Hospital, one of Oakland County' s Largest Medical Campuses w/ 1,070+ Beds. Ranked on the U.S. News & World Report as the #2 best in MI after University of Michigan Hospital.
  • Every Year on the 3rd Day of August, the Woodward Dream Cruise event is held along Woodward Ave, drawing over 1.5M People. It is the World Largest One-Day Automotive Event.
  • Densely Populated and Affluent Area: Features an Average Household Income of $110k+ within a 3-Mile Radius and more than 295k People Residing within a 5-Mile Radius.
  • Starbucks has a S&P Investment Grade Credit Rating of "BBB+" and is Ranked #125 on the Fortune 500 List with an Annual Revenue of more than $29.06 Billion. On every Labor Day weekend The Annual Soaring Eagle Arts, Beats & Eats takes place in Downtown Royal Oak. Over 330,000 Visitors Attend the Festival Annually.

Investment Overview

Royal Oak is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, the city had a population of 57,236. It is the 8th largest municipality in Oakland County and the 27th largest municipality in Michigan by population. Downtown Royal Oak features a wide assortment of nightlife venues, including the Royal Oak Music Theatre and the Landmark Main Art Theatre. Oakland County is Michigan’ s leading center for international commercial activity with 721 companies representing 37 countries with business locations in the county. More than 561,000 people work in Oakland County’ s 37,356 private sector business establishments. Major employers in Royal Oak include William Beaumont Hospital with 7,147 employees, The City of Royal Oak with 465 employees, Royal Oak Public Schools with 482 employees, Oakland Community College with 448 employees, Consumers Energy with 351 employees, Flex-N-Gate with 350 employees, the Detroit Zoo with 301 employees, Holiday Market with 300 employees, and HHI- Form Tech with 290 employees. Points of interest include the Detroit Zoo, a major regional tourist attraction, the William Beaumont Hospital, the Royal Oak Music Theatre, the Main Art Theatre, the Baldwin Theatre, Mark Ridley’s Comedy Castle, Emagine Theater, and shops, cafes, and restaurants. The main offices of Hour Detroit media, which publishes Metro Detroit’s lifestyle magazine, are located in the city.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

MM Texture Background
MM Textured Background Lower