Listing Summary
This property offers a new 10-year lease with 10% rental increases every 5 years, making it a low-management investment.
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.
Quick Glance
- Listing ID:
CL-Arizona-12351
- Status:
Active
- Year Build:
2024
- Building Size:
2,400 SqFt
- Lot Size:
2,400.00 Acre