Investment Highlights
Initial new 10 year lease term
Brand new construction
Located in front of a diverse mixed-use campus
10% rent increase every 5 years
Corporate lease
Rare dense urban drive thru location
Executive Summary
INVESTMENT HIGHLIGHTS? Initial new 10 year lease term? 10% rent increase every 5 years? Brand new construction? Corporate lease? Located in front of a diverse mixed-use campusTENANT 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? Drive thru location? SBUX market cap of $103.12BPROPERTY HIGHLIGHTS? Rare dense urban drive thru location? Located in densely populated area of central Phoenix with a population of over 422,000 within a 5 mile radius? Adjacent to Park Central mixed-use redevelopment project (?650,000 SF)? Located along Central Avenue, a major thoroughfare through Phoenix (?25,646 VPD)? 207 room Hilton duel-branded Hotel adjacent to site. Estimated opening 10/2024? ?42,000 SF EOS Fitness anchor located within Park Central? Walking distance to two lightrail stops? Situated adjacent to Creighton University Health Sciences Campus with ?900 students
