Listing Summary
This investment opportunity features a brand-new, 10-year lease with Starbucks, including 10% rental increases every 5 years.
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.
Quick Glance
- Listing ID:
CL-Arizona-11547
- Status:
Active
- Year Build:
2024
- Building Size:
2,400 SqFt
- Lot Size:
2,400.00 Acre