Marcus & Millichap is pleased to present this 2,445-square-foot, single-tenant Starbucks located at 200 E. Parkdale Avenue (U.S. 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 5-year renewal options, offering investors long-term, passive income backed by Starbucks’ investment-grade credit rating of BBB+ from Standard & Poor’s. The lease includes $2-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 U.S. 31 and M-55 corridor—Manistee’s primary north-south artery—the site sees more than 14,000 vehicles per day. It offers excellent ingress and egress, a dedicated drive-thru with 14-car stacking capacity, and 29 surface parking spaces. Manistee’s resilient tour[1]ism 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, health-care professionals, and more than 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” in 2024 and 2025, the property is well positioned for long-term success.