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Starbucks & Verizon 6301 Dixie Hwy 4,718 SF 100% Leased Retail Building Bridgeport, MI 48722 $2,931,432 CAD ($621.33 CAD/SF) 7% Cap Rate



INVESTMENT HIGHLIGHTS
- Desirable, Nationally Recognized Tenancy – Starbucks & Verizon
- Revenue-Generating EV Charging Stations
- Significant Infrastructure Investments
- Large Parcel w/ Drive-Thru & Ample Parking
- Limited Competition and Desirable Retail Trade Area
- Attractive, Low Price Per Square Foot
EXECUTIVE SUMMARY
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a fee-simple interest in the Starbucks & Verizon located in Bridgeport, MI (“the Property”). The Property consists of a freestanding building with 4,718 square feet of retail space between two tenants. The Property is 100% occupied by Starbucks and Verizon, who are operating under passive net leases with limited Landlord responsibilities. Each lease also includes rental escalations offering investors a built in hedge against inflation. See the Lease Abstract for full details.
The Property represents a rare acquisition opportunity in Bridgeport, MI, a growing community strategically positioned near the intersection of Interstate 75 and Dixie Highway, with combined traffic counts exceeding 75,000 vehicles per day. Surrounded by established neighborhoods and a robust retail corridor, the Property benefits from strong demographics, including 9,144 residents within a three-mile radius earning an average household income of $74,044, projected to grow at 3.51% annually through 2029. Anchored by nationally recognized tenants like Starbucks and Verizon, the Property offers investors a stable, income-generating asset with excellent visibility, high traffic, and access to a reliable and expanding customer base.
The Property represents a rare acquisition opportunity in Bridgeport, MI, a growing community strategically positioned near the intersection of Interstate 75 and Dixie Highway, with combined traffic counts exceeding 75,000 vehicles per day. Surrounded by established neighborhoods and a robust retail corridor, the Property benefits from strong demographics, including 9,144 residents within a three-mile radius earning an average household income of $74,044, projected to grow at 3.51% annually through 2029. Anchored by nationally recognized tenants like Starbucks and Verizon, the Property offers investors a stable, income-generating asset with excellent visibility, high traffic, and access to a reliable and expanding customer base.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,718 SF
Building Class
C
Year Built
1965
Price
$2,931,432 CAD
Price Per SF
$621.33 CAD
Cap Rate
7%
NOI
$205,315 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.06
Lot Size
1.70 AC
Zoning
C
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09115153014002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $421,431 CAD |
PROPERTY TAXES
Parcel Number
09115153014002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$421,431 CAD
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Starbucks & Verizon | 6301 Dixie Hwy
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