Starbucks & "Class A" 4 Tenant Retail Center

Highlights:

• Two-property portfolio totaling 8,387 square feet on 1.75 acres of land
• Features a recently constructed Starbucks and a Class A 4-tenant retail center on separate, adjacent parcels
• Starbucks serves as the anchor tenant with 8 years remaining on its lease term - Jimmy John's Executed a 10 Year Lease Extension in 2025
• Both the Starbucks and Jimmy John's endcap are equipped with drive-thru capabilities
• Retail center is 76% occupied, featuring a strong tenant mix including Jimmy John's, Crumbl, and WingStop; landlord to master lease the 1,347-square-foot vacant space
• Excellent visibility with prominent frontage and signage along Highland Road, boasting traffic counts exceeding 35,600 vehicles per day (VPD)
• Strategically positioned at the signalized intersection of Highland Road and Crescent Lake Road
• Located within a high-traffic retail corridor, adjacent to Aldi and Kroger-anchored centers, and directly across from a CVS Health Hub
• Easily accessible with multiple access points for each property and convenient drivethru's at Starbucks and the Jimmy John's Endcap
• Strong local demographics with a population of over 148,200 within a 5-mile radius
• Located in Oakland County, one of Michigan's most affluent and thriving areas, known for its strong economic base, excellent schools, and vibrant community atmosphere

Description:

Waterford is in the geographic center of Oakland County, Michigan, and is located about 35 miles north of Detroit, Michigan's largest city. Waterford has an estimated population of 72,166. With 32 lakes and streams throughout the community, there is plenty of opportunity for a diverse array of water sports activities (fishing, canoeing, skiing, tubing, sailing, and more). The parks, lakes, and streams also provide great winter fun. Snowmobiling, ice skating, and cross-country skiing keep visitors entertained.

Oakland County is part of the metropolitan Detroit area, located northwest of the city. As of the 2020 Census, its population was 1,274,395, making it the second-most populous county in Michigan, behind neighboring Wayne County. The county was founded in 1819 and organized in 1820. Oakland County is composed of 62 cities, townships, and villages, and is part of the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area.

Oakland County is among the ten highest-income counties in the United States with a population of over one million people. The county's knowledge-based economic initiative, coined "Automation Alley", has developed one of the largest employment centers for engineering and related occupations in the United States. General Motors, Ford, and Chrysler are major employers within southeast Michigan and have a significant presence in Oakland County. It is also home to Oakland University, a large public institution that straddles the border between the cities of Auburn Hills and Rochester Hills.

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