$1,600,000 USD
650-678-7200
5510 Harvey St
Muskegon, MI 49444
Muskegon Heights
HIGHLIGHTS
- 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options
- 2024 build-to-suit construction with drive-thru
- Outparcel to The Lakes Mall with direct ingress/egress from Harvey Street – 22,875 VPD
- The Lakes Mall is a 645,000 SF regional mall subject to 3.2M annual visitors, which ranks in the 90th percentile of malls in Michigan per Placer.ai
- Zero maintenance/expense obligations for the landlord making this a truly “hands-off” investment
- Brew Horizons LLC is currently a 25-unit 7 Brew franchisee with a 200-unit franchise agreement in place
OVERVIEW
A 15-year absolute net ground lease 7 Brew featuring 10% rental increases every 5 years throughout the base term and option periods. Subject property serves as a main outparcel to The Lakes Mall with direct ingress/egress from Harvey Street (22,875 VPD) and exposure to the 3.2M annual visitors of the shopping center (per Placer.ai).
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$3,137 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
7 Brew Coffee
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
113
LAND DETAILS
LAND ACRES
1.78 AC
LAND SF
77,665 SF
ZONING
PUD
APN/PARCEL ID
15-122-300-0001-48
ASK ABOUT THIS PROPERTY
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650-678-7200
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650-678-7200
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