16,552 Square Foot Retail Space For Sale @ 30734 Woodward Ave
30734 Woodward Ave, Royal Oak, MI 48073
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Simon J.
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. Rare Trophy Site with Woodward Frontage | 70,000+ VPD
. Directly Across from Award Winning Beaumont Hospital
. Standard & Poor' s Rated A- | Stable Investment Grade Credit
. Largest Coffee House in the World
. New Construction Corporate Starbucks
. Assumable Loan At Attractive Interest Rate: 3.86%
The Jonna Group of Marcus & Millichap is pleased to present a new construction single-tenant net-leased Starbucks located in highly desired Royal Oak, MI. This corporate backed new prototype Starbucks with drive thru is comprised of 1,820-square feet. Starbucks has recently signed a new 10 year lease with 4 (5) year options. The site is ideally located in the exclusive retail submarket of Royal Oak. The property offers immediate frontage along the nationally recognized, eight-lane thoroughfare of Woodward Avenue. Situated just south of the bustling 13 Mile Road and Woodward intersection,this subject site averages over 70,000 vehicles per day. The densely populated market houses 292,000 people in a five-mile radius with an average household income of over $80,000. This exceptional investment provides an investor strong stable cash flow from the largest coffee retailer in the world in one of the most preferred counties in the Midwest - Oakland County. The subject site is directly across from Beaumont Hospital, one of Oakland County' s largest medical campuses with over 1,076 beds.