About This Restaurant
Investment Highlights
Brand new 10-year NN* lease to Starbucks Corporation with attractive 8.0% rental escalations every 5 years! Brand new, build-to-suit construction to Starbucks newest prototype - slated to open August 2024 (est.) 2023 DEMOGRAPHICS: Total Population (5-MI): 110,070 | Average Household Income (1-MI): $147,126 Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody?s Baa1 Rating) operated over 38,000 locations worldwide Positioned just off the hard corner with excellent drive-by visibility/access on AZ- 87/N Arizona Ave (main north/south thoroughfare)
Executive Summary
(Building & Land) Fee Simple
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Bank General Retail Restaurant General Retail Storefront Fast Food
- Building Size 2,689
- Year Built 2024
- Price 3,515,000
- Price Per SF 1,307
- Cap Rate 5.15
- NOI 181,036
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.87 AC
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 302-28-278 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $83,873 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 2130 N Ave , Chandler, Arizona, 85225 | ||