Phoenix, AZ
This listing is no longer available.
This listing is currently in escrow.


Price: $3,100,000

Location: Phoenix, AZ

Lease Type: NNN

Cap Rate: 4.13%


Recently Built Starbucks NNN Drive-Thru Opportunity

  • Corporately guaranteed Starbucks, on long-term 10 year NNN lease, plus options
  • Outparcel to Bashas Grocery anchored shopping center


  • Recently Built NNN leased Starbucks in Phoenix, AZ
  • Affluent Area -Near Paradise Valley & Scottsdale. The average household income is in excess of $115,500 within a 1-mile radius of the subject property.
  • The property was built in 2021 and features a long-term (10-year) NNN lease with corporate Starbucks
  • Ideally located at the signalized, intersection of E Shea Boulevard and N 32nd Street (over 41,300 vehicles per day)
  • Outparcel to Bashas Grocery anchored shopping center - As an outparcel to a busy grocery anchored center, this creates ideal crossover shopping for customers and synergy between the tenants
  • Dense trade area - There are nearly 275,000 residents living within a 5-mile radius of the subject property

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