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4370 Lake Michigan Dr NW
Walker, MI 49534 West Grand Rapids

$1,636,251 USD

Restaurant For Sale  •  3,605 SF

Property Details

• Property Type Restaurant
• Total Building Size 2,240 SF
• Lot Size 1.12 AC
• Building Class C
• Year Built 2022
• Cap Rate 6.40 %
• Tenancy Single
• Zoning CPUD

0 Transit Score

66 Walk Score

Highlights

High-performing Starbucks in the 84th percentile nationwide for foot traffic and sales, per Placer.ai data.

Current lease rate is below market, offering embedded rent growth and long-term cash flow durability.

Prime Meijer outparcel location in a dense retail corridor with strong national QSR co-tenancy.

Excellent visibility and access with over 45,000 vehicles per day along Lake Michigan Avenue.

Leased to Starbucks, an investment-grade, publicly traded tenant with a corporate guarantee.

New 2022 construction with Starbucks’ latest prototype, minimizing near-term capital expenditures.

Cap Rate:

6.40 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Starbucks

Public Transportation

Commuter Rail	Drive	Walk	Distance
	12 min	-	5.9 mi
Airport	Drive	Walk	Distance
Gerald R Ford International	31 min	-	20.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes