Press Releases
Marcus & Millichap Brokers Sale of Better Buzz Coffee Property in Avondale, Arizona
June 17, 2025
AVONDALE, Ariz., June 17, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Better Buzz Coffee property in Avondale, Arizona, for $3,225,000.
“The buyer recognized the strength of the Better Buzz brand and the long-term stability of the lease,” said Richard Butler, senior managing director investments. “They used 1031 Exchange funds and closed the transaction all-cash, highlighting the continued demand for quality net-leased assets in high-growth markets like the West Valley.”
Mark Ruble, Chris Lind and Zach House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Butler, also from the firm’s Phoenix office, procured the buyer. Both entities are Arizona limited liability companies.
The property, located at 10650 W. McDowell Road, is newly built for Better Buzz Coffee, a San Diego-based brand expanding into the Phoenix market. The site operates under a new 15-year absolute triple-net lease. Positioned 15 minutes from Phoenix Sky Harbor International Airport and Arizona State University, the location benefits from a population of nearly 285,700 residents within a five-mile radius. Better Buzz opened its first Arizona store in February 2024 and plans additional openings in Tempe, Surprise, Scottsdale and Queen Creek later this year.
“The buyer recognized the strength of the Better Buzz brand and the long-term stability of the lease,” said Richard Butler, senior managing director investments. “They used 1031 Exchange funds and closed the transaction all-cash, highlighting the continued demand for quality net-leased assets in high-growth markets like the West Valley.”
Mark Ruble, Chris Lind and Zach House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller. Butler, also from the firm’s Phoenix office, procured the buyer. Both entities are Arizona limited liability companies.
The property, located at 10650 W. McDowell Road, is newly built for Better Buzz Coffee, a San Diego-based brand expanding into the Phoenix market. The site operates under a new 15-year absolute triple-net lease. Positioned 15 minutes from Phoenix Sky Harbor International Airport and Arizona State University, the location benefits from a population of nearly 285,700 residents within a five-mile radius. Better Buzz opened its first Arizona store in February 2024 and plans additional openings in Tempe, Surprise, Scottsdale and Queen Creek later this year.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
