Listing Summary
This property offers a highly desirable investment opportunity with a brand-new 15-year lease featuring 10% rental increases every five years, backed by one of the fastest-growing drive-thru coffee operators in the Southwest.
Full Description
This property offers a prime investment opportunity with a brand-new 15-year lease featuring 10% rental increases every five years, backed by one of the fastest-growing drive-thru coffee operators in the Southwest. With over 140 locations across eight states, this corporate-guaranteed lease provides stability and growth potential. The absolute NNN lease structure requires no landlord responsibilities, making it a perfect hands-off investment. Currently under construction, the freestanding building is designed for Black Rock Coffee's new drive-thru prototype, with an opening slated for August 2024. Located in a major industrial hub with over 14,000 daily commuters, the property benefits from strong daytime traffic. It sits on nearly 1 acre with prime frontage on 107th Avenue, visible to over 31,824 vehicles daily, and is just 1 mile south of the I-10 Freeway. The area is experiencing robust residential growth, with over 4,000 new units planned or under construction within a 3-mile radius. As part of the Phoenix MSA, where Black Rock Coffee has established a strong presence with 45+ locations, this property is well-positioned in one of the fastest-growing regions on the West Coast.
Quick Glance
- Listing ID:
CL-Arizona-11656
- Status:
Active
- Year Build:
2024
- Building Size:
1,887 SqFt
- Lot Size:
1,887.00 Acre