Restaurant
Starbucks
2334 S Val Vista Dr, Gilbert, AZ 85296
Listing Price: $2,640,000
Investment Overview
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.”
As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.
Starbucks
Investment Highlights
- Nine Years Remaining on Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Tenant Recently Extended Their Lease Early Through February 2033
- 311,769 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
- Rapidly Growing Trade Area - Households Projected to Increase More Than 13 Percent in the Immediate Area by 2027
- Excellent Location in Gilbert's Primary Retail Corridor, Home to SanTan Village Shopping Mall, Top Golf, Main Event, At Home, Walmart, Costco, and More
- Affluent Trade Area - Average Household Income Exceeds $140,000 in a One-Mile Radius
- Situated Near the Intersection of East Williams Field Road and South Val Vista Drive (64,255+ Combined Cars per Day)
Listing Price: $2,640,000
Investment Highlights
- Nine Years Remaining on Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX)
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Tenant Recently Extended Their Lease Early Through February 2033
- 311,769 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
- Rapidly Growing Trade Area - Households Projected to Increase More Than 13 Percent in the Immediate Area by 2027
- Excellent Location in Gilbert's Primary Retail Corridor, Home to SanTan Village Shopping Mall, Top Golf, Main Event, At Home, Walmart, Costco, and More
- Affluent Trade Area - Average Household Income Exceeds $140,000 in a One-Mile Radius
- Situated Near the Intersection of East Williams Field Road and South Val Vista Drive (64,255+ Combined Cars per Day)
Investment Overview
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.” As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community.
