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Restaurant

Gravity Coffee

5250 W Bell Rd, Glendale, AZ 85308

Listing Price: $2,087,000

Cap Rate
5.75%
Tenant Name
Gravity Coffee
Years Remaining On Lease
24.7
Gross SF
750
Guarantor
Corporate Guarantee
Rentable SF
750
Price/Gross SF
$2,782.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$160.00

Investment Overview

Marcus & Millichap is pleased to present for sale Gravity Coffee in Glendale, Arizona. Since its founding in 2016, Gravity Coffee has focused on revolutionizing the drive-thru coffee industry. The company has grown at a rapid rate, actively developing over 100 locations throughout Arizona, Colorado, Florida, Idaho, Nevada, Oregon, Texas, Utah, and Washington.

The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management.

Investment Highlights

  • Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 355,274 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial with Over 54,000 Cars per Day
  • New 2023 Construction with a Drive-Thru
  • Average Household Income Exceeds $96,000 in the Immediate Area
  • Located in a Dense Retail Corridor, Adjacent to a New Self-Storage Facility and a New 203-Unit Luxury Senior Living Community

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Gravity Coffee

Listing Price: $2,087,000

Cap Rate
5.75%
Tenant Name
Gravity Coffee
Years Remaining On Lease
24.7
Gross SF
750
Guarantor
Corporate Guarantee
Rentable SF
750
Price/Gross SF
$2,782.67
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$160.00

Investment Highlights

  • Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 355,274 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial with Over 54,000 Cars per Day
  • New 2023 Construction with a Drive-Thru
  • Average Household Income Exceeds $96,000 in the Immediate Area
  • Located in a Dense Retail Corridor, Adjacent to a New Self-Storage Facility and a New 203-Unit Luxury Senior Living Community

Investment Overview

Marcus & Millichap is pleased to present for sale Gravity Coffee in Glendale, Arizona. Since its founding in 2016, Gravity Coffee has focused on revolutionizing the drive-thru coffee industry. The company has grown at a rapid rate, actively developing over 100 locations throughout Arizona, Colorado, Florida, Idaho, Nevada, Oregon, Texas, Utah, and Washington. The city of Glendale is the sports destination for all of Arizona. Located about 9 miles northwest of Downtown Phoenix, Glendale is home to top shopping and dining districts, the largest Air Force Training base in the world, Midwestern University (metropolitan Phoenix’s first medical school) and a major postgraduate international business school: the Thunderbird School of Global Management.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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