Published on: Tuesday, October 8, 2024
Updated on: Tuesday, October 8, 2024
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About the Lister
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Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
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Financing  Business  Material
  Grocery-Anchored Starbucks | Double Drive-Thru
6032 S 16th St Phoenix Arizona , 85042
6032 S 16th St Phoenix Arizona                                                                                             , 85042  Echo West Capital Advisors
Listing ID: CL-Arizona-12351

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.3
Net Operating Income: $192,716.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Arizona-12351
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2024
Building Size: 2,400.00 SqFt
Lot Size: 2,400.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Starbucks - Phoenix AZ Final OM Oct 2024.pdf ( 16,227.43KB)
Listing Summary
This property offers a new 10-year lease with 10% rental increases every 5 years, making it a low-management investment.
Complete Details
Year Build: 2024
Building Size: 2,400 SqFt.
No of Stories: 1
Total Lot Area: 2400 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
This property offers a new 10-year lease with 10% rental increases every 5 years, making it a low-management investment. The lease is corporately guaranteed by Starbucks, the world's largest coffee company (NASDAQ: SBUX), with over 38,000 stores in 87 countries and a BBB+ credit rating. The newly constructed, freestanding building features a double drive-thru, located in a high-traffic area next to a recently remodeled Safeway. It also benefits from proximity to South Mountain Community College and High School, and is just minutes from Downtown Phoenix. With nearly 225,000 residents within a 5-mile radius, this is a prime investment in a thriving market.
Additional Properties
Property Tenants
  • Starbucks
  • Lease Term 10 years
Property Highlights
  • Lease is corporately guaranteed by the largest coffee company in the world (NASDAQ: SBUX) with over 38,000 stores in 87countries making this a truly safe investment for any prospective investor.
  • Freestanding, double drive-thru with patio, featuring a unique “farmhouse” design.
  • Situated as a retail outparcel to a recently remodeled Safeway in a high-traffic area with 60,000 vehicles per day.
  • Near South Mountain Community College (4,000 students) and South Mountain High School (2,000 students); just 10 minutes from Downtown Phoenix.
Listing Location
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3899 El Mercado Loop , Sierra Vista Arizona                                                                                              85635
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16986 W Pat Tillman Blvd , Surprise Arizona                                                                                              85387
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104 Osborne Way , Georgetown Kentucky                                                                                             40324
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4167 N FM 1053 , Fort Stockton Texas                                                                                                79735
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4200 Williams Blvd , Kenner Louisiana                                                                                            70065