for sale/lease for - landmark commercial real estate services · 2019-06-28 · for sale/lease...
TRANSCRIPT
FOR SALE/LEASE PRIME RESTAURANT OPPORTUNITY3020 LOHR RD, PITTSFIELD TWP (ANN ARBOR), MI 48108
30500 Northwestern Hwy, Suite 200Farmington Hills, MI 48334
Phone: (248) 488-2620
landmarkcres.com
CONTACT US
FORSALE/LEASE
MICHAEL R. LIPPITT
Principal [email protected]
(248) 488-2620
MATTHEW D. SWANTKO
Principal [email protected]
(248) 488-2620
2
FOR SALE/LEASEPROPERTY DETAILS
Location: 3020 Lohr RdPittsfield Twp (Ann Arbor), MI 48108
Property Type: Restaurant
Date Available: Immediately
Property Taxes: $44,909/YR
Building Size: 7,945 SF (+1,000 SF Patio)
Lot Size: 3.27 Acres w/478’ Frontage
Zoning: FB
Improvements: “As-is”
Traffic Count: Ann Arbor-Saline Rd = 34,963 cpdI-94 = 74,000 cpd
Contact: Michael R. [email protected]
Matthew D. [email protected]
(248) 488-2620
HIGHLIGHTS
Joe’s Crab Shack is a 7,945 SF restaurant on the south side
of Lohr Rd just east of Ann Arbor-Saline Rd in Pittsfield Twp
(Ann Arbor), MI. The subject restaurant is on 3.27 gross
acres and operates as a pad to the high volume Waters
Place Shopping Center which includes Meijer, Kohl’s, Best
Buy, and Dick’s Sporting Goods. The site is in the heart of
Ann Arbor’s most important regional trade area, which also
includes Target, OfficeMax, PetSmart, Big Lots, Whole
Foods, ULTA, REI, Party City, and many other national
retailers. High volume restaurants in the area include TGI
Friday’s, McDonald’s, Outback, Olive Garden, Red Robin,
Applebee’s, PF Chang’s, Bravo!, and many others. The site
is also directly across I-94 from Briarwood Mall which has
sales of approximately $600/SF. The subject site has
excellent visibility, signage and parking (144 spaces). The
property can be purchased or leased.
Prime Restaurant Opportunity • Ann Arbor, MI
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ALTA SURVEY
Prime Restaurant Opportunity • Ann Arbor, MI
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FLOOR PLAN
Prime Restaurant Opportunity • Ann Arbor, MI
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ELEVATION
Prime Restaurant Opportunity • Ann Arbor, MI
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9Prime Restaurant Opportunity • Ann Arbor, MI
DEMOGRAPHICS
10LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do notdoubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy andcompleteness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The valueof this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful,independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.
DESCRIPTION 1 MILE 3 MILE 5 MILE 7 MILE
POPU
LATI
ON
2019 Estimated Population 10,277 78,659 157,674 217,669
2024 Projected Population 10,710 81,297 162,994 225,428
2010 Census Population 9,288 71,950 143,916 200,462
2000 Census Population 8,919 69,563 137,449 191,237
Projected Annual Growth 2019 to 2024 0.8% 0.7% 0.7% 0.7%
Historical Annual Growth 2000 to 2019 0.8% 0.7% 0.8% 0.7%
HO
USE
HO
LDS
2019 Estimated Households 4,739 32,156 62,597 88,000
2024 Projected Households 4,852 32,837 63,932 89,917
2010 Census Households 4,300 29,860 58,143 82,063
2000 Census Households 4,016 28,536 54,218 76,156
Projected Annual Growth 2019 to 2024 0.5% 0.4% 0.4% 0.4%
Historical Annual Growth 2000 to 2019 0.9% 0.7% 0.8% 0.8%
RA
CE
2019 Est. White 71.3% 73.5% 72.1% 70.6%
2019 Est. Black 6.2% 7.6% 8.4% 9.8%
2019 Est. Asian or Pacific Islander 18.5% 13.7% 14.3% 14.1%
2019 Est. American Indian or Alaska Native 0.2% 0.3% 0.3% 0.3%
2019 Est. Other Races 3.8% 5.0% 5.0% 5.2%
INC
OM
E 2019 Est. Average Household Income $112,699 $105,369 $106,351 $106,977
2019 Est. Median Household Income $101,886 $83,941 $85,052 $84,956
2019 Est. Per Capita Income $51,971 $44,006 $43,263 $44,024
BU
SIN
ESS 2019 Est. Total Businesses 589 5,099 10,576 13,572
2019 Est. Total Employees 7,920 79,792 167,705 201,253 3020 LOHR RD, ANN ARBOR, MI 48108