Starbucks Manistee Mi — Sale in Starbucks | Manistee, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Starbucks | Manistee, MI 49660

Investment Figures

Cap rate
6.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present this 2,445-square-foot, single-tenant Starbucks located at 200 E. Parkdale Avenue (US-31) in Manistee, Michigan. The store features Starbucks’ newest drive-thru and patio prototype and occupies a prominent 1.56-acre commercial parcel zoned C-1. The property is secured by a brand-new 10-year corporate lease (double-net) with four five-year renewal options, offering investors long-term, passive income backed by Starbucks Corporation’s investment-grade credit (S&P: BBB+). The lease includes $2.00 per square foot rental increases every five years, including during option periods, supporting strong and growing cash flow over time. Strategically positioned along the high-traffic US-31 / M-55 corridor—Manistee’s primary north–south artery—the site sees more than 14,000 vehicles per day. It offers excellent ingress/egress, a dedicated drive-thru with 14-car stacking capacity, and 29 surface parking spaces. Manistee’s resilient tourism and healthcare sectors further reinforce steady year-round demand. Just 1.5 miles from Munson Healthcare Manistee Hospital and within a 10-minute drive of key economic and recreational anchors—including Little River Casino Resort, Orchard Beach State Park, and the city’s Riverwalk-connected historic downtown—the location draws consistent traffic from residents, healthcare professionals, and over 200,000 annual tourists. This Starbucks presents a rare opportunity to acquire a brand-new, investment-grade asset with minimal landlord responsibilities in a revitalizing lakeshore market. With robust fundamentals, diverse demand drivers, and proximity to Michigan’s iconic North Pier Lighthouse and USA Today’s “Best Beach in Michigan” (2024 and 2025), the property is well-positioned for long-term success. Investment Highlights: • New 10-Year Corporate Double-Net Lease (in process) with Four Five-Year Options | Starbucks S&P: BBB+ • Drive-Thru and Patio Prototype | 14-Car Stacking and 29 Surface Spaces • Highwa

Market Context

This retail in Starbucks | Manistee, MI is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Starbucks | Manistee, MI — view the full market.

Contact

Explore this market

Similar Retail Business for Sale in Starbucks | Manistee, MI