About This Restaurant
Investment Highlights
?8.5 year lease term remaining Drive-thru location built in 2022 No early termination clause 10% rent increase every 5 years Corporate Guaranty Densely populated trade area with ?334,180 residents in a 5-mile radius
Executive Summary
INVESTMENT HIGHLIGHTS? ?8.5 year lease term remaining? 10% rent increase every 5 years? Drive-thru location built in 2022? Corporate Guaranty? No early termination clauseTENANT HIGHLIGHTS? World?s largest coffeehouse chain? ?38,000 stores in 84 countries, 15,873 in the U.S.? Starbucks net revenue reached 36 billion U.S. dollars in 2023? Publicly traded company (NASDAQ: SBUX)LOCATION HIGHLIGHTS? Hard corner with frontage on two major arterials, University Road and Stapley Drive ?47,506 vehicles per day at the intersection? Densely populated trade area with ?334,180 residents in a 5-mile radius? Three high schools in a 3-mile radius: Mountain View High School, Mesa High School, and Sun Valley High School (?6,990 Total Students)? Adjacent to Esporta Fitness Anchored Retail Center
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Storefront Fast Food
- Building Size 940
- Year Built 2022
- Price 2,485,436
- Price Per SF 2,644
- Cap Rate 5.15
- NOI 128,000
- Tenancy Single
- Building Height 1 Story
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 138-20-024C 138-20-024D | Improvements Assessment | $8,371 |
| Land Assessment | $0 | Total Assessment | $87,651 |
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 356 N Stapley Dr , Mesa, Arizona, 85203 | ||