About This Restaurant
Investment Highlights
Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX) 10% Rental Increases Every Five Years with Multiple Renewal Options Signalized Hard Corner Location, Visible to 40,000+ Cars per Day High-Quality 2024 Construction with a Drive-Thru 230,496 Residents within a Five-Mile Radius - Dense Tucson Infill Located Directly Across from St. Mary's Hospital (400+ Beds), Southern Arizona's Longest Continuously Operating Hospital
Executive Summary
Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation?s common stock trades on the NASDAQ Global Select Market (?NASDAQ?) under the symbol ?SBUX.?Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 1,040
- Year Built 2024
- Price 2,546,300
- Price Per SF 2,448
- Cap Rate 5.40
- NOI 137,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 0.73 AC
| Date Created: | 2024-07-16 04:09:20 | Last Updated: | 2024-07-16 04:09:20 |
| Address: | 1610 St Marys Rd , Tucson, Arizona, 85745 | ||