Caribou Coffee

16006 Southfield Rd, Allen Park, MI 48101

  • For Sale $1,333,333
  • Property Type Retail - Restaurant
  • Property Size 600 SF
  • Lot Size 0.53 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2023
  • Date Updated Oct 15, 2024
Allen Park, Michigan, located in Wayne County, is a vibrant suburb nestled within the Detroit metropolitan area. Known for its close-knit community feel and convenient access to urban amenities, Allen Park offers residents a balanced lifestyle. The city is renowned for its strong educational institutions, including reputable public schools and proximity to higher education options. Its well-maintained parks, recreational facilities, and cultural attractions provide ample opportunities for outdoor activities and family-friendly entertainment. Additionally, Allen Park's strategic location near major highways makes it a desirable residential area for commuters, offering easy access to downtown Detroit and other neighboring cities. Economically, Allen Park benefits from a diverse mix of industries, including automotive manufacturing, retail, healthcare, and technology sectors. Its robust business environment fosters entrepreneurial growth and job opportunities for residents. The city's commitment to economic development is evident through initiatives aimed at attracting new businesses and supporting existing ones, ensuring a thriving local economy. Overall, Allen Park's blend of community spirit, quality education, recreational offerings, and economic vitality makes it an attractive place to live, work, and raise a family within the Greater Detroit area.Fortis Net Lease is pleased to present this brand new Caribou Coffee located in Allen Park, MI. The building is located at 16006 Southfield Road, Allen Park, MI. The building is approximately 600 SF and is situated on approximately 0.53 acres. This Caribou Coffee is encumbered with a 15 Year absolute NNN ground lease. The lease also includes two, five year options to extend. The subject property is strategically located approximately 0.5 miles from I-75 Highway. This location is also located in a high populous area with the five mile population exceeding 298,000 residents and the average household income within three miles exceeds $70,000. The median home value within five miles exceeds $125,000 making this a perfect location for a Caribou Coffee. This property offers a great opportunity for a passive investor with one of the nation's premium coffee shop retailers.

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Attachments

Highlights

  • -15 Year Absolute NNN Ground Lease
  • -Zero Landlord Responsibilities
  • -Two, Five Year Options
  • -Tenant Shall Have a One Time Lease Termination Right After 10th Lease Year if Gross Sales Do Not Exceed 750K
  • -Five Mile Population Exceeds 298,000 Residents
  • -High Traffic Location | Exceeds 47,000 VPD

Contacts

broker

Doug Passon

Fortis Net Lease

Location

Getting Around

  • Walk Score ®

    68/100 Somewhat Walkable
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Allen Park, MI
  • Neighborhood Allen Park
  • Zip Code 48101
  • Market Detroit

Points of Interest

  • Firestone Station

    3.23 miles

  • Walnut Grove Station

    3.26 miles

  • Smith's Creek Depot Station

    3.36 miles

  • Dearborn

    3.44 miles

  • North Station

    8.06 miles

  • Taxi and Limo

    8.32 miles

  • Terminal Station

    8.37 miles

  • South Station

    8.65 miles

  • West Riverfront

    9.22 miles

  • Checker Cab #977

    9.44 miles

  • Shell

    0.04 miles

  • Citgo

    0.24 miles

  • Marathon

    0.28 miles

  • Amoco

    0.36 miles

  • Sunoco

    0.50 miles

  • Exxon

    0.72 miles

  • Mobil

    0.78 miles

  • Rhombus Energy Solutions

    3.50 miles

  • eVgo

    8.34 miles

  • Bedrock QLDC 2

    8.51 miles

  • RIC

    2.58 miles

  • Deck 300

    2.70 miles

  • Deck 400

    2.84 miles

  • E.W. Smith Agency Private Parking

    3.53 miles

  • Arjay Miller Arboretum Parking

    3.90 miles

  • Dearborn Hills Golf Course Parking - Free

    4.27 miles

  • Monteith Parking Structure

    4.34 miles

  • Parking Structure

    4.58 miles

  • Student Lot

    4.91 miles

  • Paid Parking

    4.92 miles

  • Tim's Coney Island

    0.06 miles

  • Subway

    0.10 miles

  • Shish Palace

    0.12 miles

  • Culver's

    0.12 miles

  • Z Shawarma King

    0.18 miles

  • Ram's Horn

    0.20 miles

  • Chicago's Pizza

    0.21 miles

  • Major Tomato

    0.21 miles

  • Jet's Pizza

    0.23 miles

  • Ted's Coney Island

    0.23 miles

  • South Allen Center

    0.27 miles

  • Kroger

    0.86 miles

  • Agemy & Sons

    1.07 miles

  • Meijer

    1.26 miles

  • ALDI

    1.28 miles

  • Saveland Supermarket

    1.43 miles

  • TJ Maxx

    1.50 miles

  • Burlington

    1.60 miles

  • Target

    1.67 miles

  • Supermercado Sin Limite

    1.84 miles

Frequently Asked Questions

How much does Caribou Coffee cost?

The space currently listed for sale at Caribou Coffee asks for $1,333,333.

What is the total square footage of Caribou Coffee?

Caribou Coffee totals 600 square feet.

When was this property built?

Caribou Coffee was built in 2023.

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Contact Listing Broker

broker

Doug Passon

Fortis Net Lease