In my surprise that something like this did not exist I went exploring. Quickly realized this does exist-- just click the track number to the left of the mute button. This opens up the Macro Controls.
Alternatively you can create a keyboard shortcut to open the Macro Controls:
1. Preferences (Command or Control + ,)
2. Click the Keyboard Shortcuts Tab
3. Type Show Channel Editor into the search bar
4. Assign whatever keyboard shortcut you see fit