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), Kohl’s ($30M), Best Buy ($55M), and Dick’s Sporting Goods ($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 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.
