Starbucks

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

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• 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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