Joe’s Crab Shack, Ann Arbor (Pittsfield Twp), MI

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Joe’s Crab Shack, Ann Arbor (Pittsfield Twp), MI

Type: Sale/Lease

3020 Lohr Rd Ann Arbor MI Washtenaw County

Property Type: Restaurant

Date Available: Fall 2017

Sales Price: $3,000,000.00

Rent: $225,000.00/year

Contact Person(s): Michael Lippitt
Dan Kukes

(248) 488-2620

Description:

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 (approx. $120M), Kohls ($30M), Best Buy ($55M), Dick’s Sporting Good ($12M). 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 Fridays, McDonalds, Outback, Olive Garden, Red Robin, Applebee’s, PF Changs, 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.

Property Taxes: $44,909.00/year

Building Size: 7,945 SF

Lot Size: 3.27 Acres (478' frontage!)

Zoning: FB

Improvements: "As is"

Anchors: Meijer, Dick's, Kohls, Best Buy

Traffic Count: Ann Arbor-Saline = 34,963
I-94 = 74,000

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile 7 Mile
Population Density: 9,760 76,279 151,632 210,673
Avg. HH Income: $103,493 $90,526 $93,896 $94,172

LANDMARK COMMERCIAL REAL ESTATE SERVICES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt 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 and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of 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.