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Restaurant

The Coffee Bean & Tea Leaf

9380 N 90th St, Scottsdale, AZ 85258

Listing Price: $3,778,000

Cap Rate
4.50%
Tenant Name
International Coffee & Tea, LLC
Years Remaining On Lease
10.0
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$1,180.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.12

Investment Overview

Born and brewed in Southern California since 1963, The Coffee Bean & Tea Leaf is a leading global roaster and retailer of specialty coffees and teas. With over 1,000 stores worldwide, The Coffee Bean & Tea Leaf offers one of the most extensive selections of coffee and tea from around the world. Company-owned stores are located in California, Arizona, Singapore, and Malaysia. Domestically franchised stores include locations in Arizona, California, Colorado, Georgia, Hawaii, Maryland, Michigan, Nevada, New York, and Washington D.C. Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona's ten largest cities. Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability, and friendly culture.

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease
  • 2022 Renovation with a Drive-Thru
  • 10 Percent Rental Increases Every Five Years
  • 146,542 Residents and 237,982 Daytime Employees Within a Five-Mile Radius
  • Outparcel to Fry's Marketplace and Surrounded by Other National Retailers - The Home Depot, HomeGoods, PetSmart, and More
  • Down the Road from HonorHealth Scottsdale Shea Medical Center (427 Beds)
  • Average Household Income Exceeds $152,000 Within a Three-Mile Radius
  • Less than Two Miles North of Salt River Fields at Talking Stick, Casino Arizona at Talking Stick, Topgolf, Great Wolf Lodge, and Talking Stick Golf Club

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s) AZ: SA659077000

    Arizona

Financing By

Restaurant

The Coffee Bean & Tea Leaf

Listing Price: $3,778,000

Cap Rate
4.50%
Tenant Name
International Coffee & Tea, LLC
Years Remaining On Lease
10.0
Gross SF
3,200
Guarantor
Corporate Guarantee
Rentable SF
3,200
Price/Gross SF
$1,180.62
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$53.12

Investment Highlights

  • Brand New 10-Year Absolute Triple-Net (NNN) Corporate Lease
  • 2022 Renovation with a Drive-Thru
  • 10 Percent Rental Increases Every Five Years
  • 146,542 Residents and 237,982 Daytime Employees Within a Five-Mile Radius
  • Outparcel to Fry's Marketplace and Surrounded by Other National Retailers - The Home Depot, HomeGoods, PetSmart, and More
  • Down the Road from HonorHealth Scottsdale Shea Medical Center (427 Beds)
  • Average Household Income Exceeds $152,000 Within a Three-Mile Radius
  • Less than Two Miles North of Salt River Fields at Talking Stick, Casino Arizona at Talking Stick, Topgolf, Great Wolf Lodge, and Talking Stick Golf Club

Investment Overview

Born and brewed in Southern California since 1963, The Coffee Bean & Tea Leaf is a leading global roaster and retailer of specialty coffees and teas. With over 1,000 stores worldwide, The Coffee Bean & Tea Leaf offers one of the most extensive selections of coffee and tea from around the world. Company-owned stores are located in California, Arizona, Singapore, and Malaysia. Domestically franchised stores include locations in Arizona, California, Colorado, Georgia, Hawaii, Maryland, Michigan, Nevada, New York, and Washington D.C. Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona's ten largest cities. Scottsdale continues to be recognized nationwide as one of the top markets for business performance, job growth, livability, and friendly culture.

Exclusively Listed By

Broker of Record

  • James K. Crawley

    Associate Regional Manager

    (602) 687-6700

    License(s): AZ: SA659077000

    Arizona

Financing By

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