🏦 Get Your Mortgage or Real Estate Services Seen on Every Listing

Thousands of buyers and investors explore commercial, residential, and business listings every day on LoopingCloud.
Promote your mortgage services or real estate business directly on each listing by state, boost your visibility and connect instantly with serious prospects ready to take the next step.

Offer Your Real Estate Services Today Get started Offer Your Mortgage Services Today Get started
Published on: Tuesday, October 8, 2024
Updated on: Tuesday, October 8, 2024
About the Lister
User Profile Image
Name: Tim Westfall
Company: Echo West Capital Advisors
Office Phone: 602.628.6298
Cell Phone: 602.628.6298
 View Profile  Share Listing

Send Message    Make Soft Offer
Provide Your Service
Financing  Business  Material

  Grocery-Anchored Starbucks | Double Drive-Thru

6032 S 16th St Phoenix Arizona , 85042
6032 S 16th St Phoenix Arizona , 85042  Echo West Capital Advisors
Listing ID: CL-Arizona-12351 Restaurant /Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.3
Net Operating Income: $192,716.00
Quick Glance
Listing ID: CL-Arizona-12351
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 2024
Building Size: 2,400.00 SqFt
Lot Size: 2,400.00 SqFt.
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Starbucks - Phoenix AZ Final OM Oct 2024.pdf ( 16,227.43KB)
Listing Summary
This property offers a new 10-year lease with 10% rental increases every 5 years, making it a low-management investment.
Complete Details
Year Build: 2024
Building Size: 2,400 SqFt.
No of Stories: 1
Total Lot Area: 2400 SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
This property offers a new 10-year lease with 10% rental increases every 5 years, making it a low-management investment. The lease is corporately guaranteed by Starbucks, the world's largest coffee company (NASDAQ: SBUX), with over 38,000 stores in 87 countries and a BBB+ credit rating. The newly constructed, freestanding building features a double drive-thru, located in a high-traffic area next to a recently remodeled Safeway. It also benefits from proximity to South Mountain Community College and High School, and is just minutes from Downtown Phoenix. With nearly 225,000 residents within a 5-mile radius, this is a prime investment in a thriving market.
Additional Properties
Property Tenants
  • Starbucks
  • Lease Term 10 years
Property Highlights
  • Lease is corporately guaranteed by the largest coffee company in the world (NASDAQ: SBUX) with over 38,000 stores in 87countries making this a truly safe investment for any prospective investor.
  • Freestanding, double drive-thru with patio, featuring a unique “farmhouse” design.
  • Situated as a retail outparcel to a recently remodeled Safeway in a high-traffic area with 60,000 vehicles per day.
  • Near South Mountain Community College (4,000 students) and South Mountain High School (2,000 students); just 10 minutes from Downtown Phoenix.
Listing Location
Lister's other Properties
Title: Prime Applebee’s Investment
Address: 3899 El Mercado Loop , Sierra Vista Arizona 85635
Listing ID: CL-Arizona-12701
Listing Type: Commercial
Category: Retail - Restaurant
Status: Accepting Offers
Created On: 11/5/2024
Modified On: 11/5/2024
3899 El Mercado Loop , Sierra Vista Arizona 85635
Title: Brand New McDonald's
Address: 16986 W Pat Tillman Blvd , Surprise Arizona 85387
Listing ID: CL-Arizona-12700
Listing Type: Commercial
Category: Retail - Restaurant
Status: Accepting Offers
Created On: 11/5/2024
Modified On: 1/3/2025
16986 W Pat Tillman Blvd , Surprise Arizona 85387
Title: Zips Car Wash
Address: 104 Osborne Way , Georgetown Kentucky 40324
Listing ID: CL-Kentucky-12574
Listing Type: Commercial
Category: Retail - Automotive
Status: Accepting Offers
Created On: 10/25/2024
Modified On: 4/1/2025
104 Osborne Way , Georgetown Kentucky 40324
Title: Frito-Lay
Address: 4167 N FM 1053 , Fort Stockton Texas 79735
Listing ID: CL-Texas-12498
Listing Type: Commercial
Category: Industrial - Distribution Warehouse
Status: Accepting Offers
Created On: 10/21/2024
Modified On: 10/22/2024
4167 N FM 1053 , Fort Stockton Texas 79735
Title: Tire Choice - Autoshop
Address: 4200 Williams Blvd , Kenner Louisiana 70065
Listing ID: CL-Louisiana-12467
Listing Type: Commercial
Category: Retail - Automotive
Status: Accepting Offers
Created On: 10/17/2024
Modified On: 10/17/2024
4200 Williams Blvd , Kenner Louisiana 70065
View All Listing
⚠ Disclaimer

LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings under financial services, business services, and material services are provided by the respective lister or service provider and are not independently verified by LoopingCloud. While believed to be accurate, the information is provided “as is” without any representations, warranties, or guarantees of any kind. LoopingCloud does not endorse, warrant, or verify the quality, accuracy, or reliability of any property details or services provided through the portal. Interested parties are encouraged to independently verify all information and consult with qualified professionals before making any decisions.