Starbucks - Walker, MI

High Performing Store: Ranks in the 84th percentile nationwide among Starbucks locations based on Placer.ai data, demonstrating strong, consistent foot traffic and above-average unit performance relative to peers.
Below-Market Rent: Current lease rate is meaningfully below market compared to similar Starbucks assets, providing embedded rent growth potential and supporting long-term cash flow durability.
Dense Retail Corridor: Strategically positioned as a Meijer outparcel within a well-established retail corridor featuring national QSR operators. The site benefits from strong co-tenancy, steady consumer traffic, and sustained retail demand drivers.
High Traffic Counts: Located along Lake Michigan Avenue with traffic counts exceeding 45,000 vehicles per day. Excellent visibility and convenient access contribute to consistent customer volume.
National Credit Tenant: Leased to Starbucks, a publicly traded, investment-grade tenant with a globally recognized brand. The corporate guarantee enhances income security and broadens investor appeal.
Newer Construction (2022 Build): Developed in 2022 utilizing Starbucks’ latest prototype design. Recent construction minimizes near-term capital expenditure risk while enhancing overall asset quality and long-term competitiveness.

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