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Published on: Friday, August 23, 2024
Updated on: Friday, November 8, 2024
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 Offering

SWC 16th street & Southern Avenue Phoenix Arizona , 85041
SWC 16th street & Southern Avenue Phoenix Arizona , 85041  Echo West Capital Advisors
Listing ID: CL-Arizona-11547 Restaurant /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5
Net Operating Income: $192,716.00
Quick Glance
Listing ID: CL-Arizona-11547
Status: Off the market
Financing: Third Party Financing
Occupancy: N/A
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: Yes
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Starbucks OM - Phoenix AZ Aug 2024.pdf ( 13,637.22KB)
Listing Summary
This investment opportunity features a brand-new, 10-year lease with Starbucks, including 10% rental increases every 5 years.
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?: Yes
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
This investment opportunity features a brand-new, 10-year lease with Starbucks, including 10% rental increases every 5 years. The lease is corporately guaranteed by Starbucks, a global leader with a “BBB+” S&P credit rating and over $32 billion in annual revenue. Located in a newly constructed, freestanding Starbucks with a double drive-thru and patio, this property stands out as one of the first double drive-thru locations in Arizona. It is positioned as a retail outparcel to a remodeled Safeway on a high-traffic intersection with over 60,000 vehicles daily, offering excellent visibility. The property benefits from its proximity to South Mountain Community College and South Mountain High School, and is a short drive from Downtown Phoenix. Situated in a densely populated area of South Phoenix, this location offers a secure and promising investment.
Additional Properties
Property Tenants
  • Starbucks
  • Lease Type NN
Property Highlights
  • Ideal, Low-Management Investment - Offering comes with fee simple ownership and limited landlord responsibilities.
  • Long-Term Lease | Contractual Rental Increases - Offering features a brand new 10-year initial lease term with attractive 10% increases every 5 years.
  • Brand New Construction | Grand Opening in September!
  • Heavily Trafficked Intersection | Prime Street-Front Visibility -
Features
  • Remaining Term 10 years
Listing Location
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