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Restaurant

Starbucks | Ranked in Top 29% of All Starbucks in AZ per Placer.ai

10655 W Indian School Rd, Avondale, AZ 85392

Listing Price: $2,750,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
8.9
Gross SF
3,070
Guarantor
Corporate Guarantee
Rentable SF
3,070
Price/Gross SF
$895.77
Lease Type
Double Net
Rent Per Square Feet
$44.79

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.”
Avondale is a city in Arizona's Maricopa County, a suburb of Phoenix. As of the 2020 U.S. Census, the city is home to over 89,000 residents. Avondale is home to Phoenix Raceway (which hosts two NASCAR race weekends annually), the Avondale Friendship Park, and a historic corridor featuring local shops and restaurants. The city is also home to a growing economy, fueled by its key economic sectors: healthcare, technology, manufacturing and logistics, and retail and entertainment.

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • First Starbucks Site in Arizona with Double Queue/Order Lanes
  • Ranked in the Top 29 Percent of All Starbucks in Arizona per Placer.AI
  • Growing Trade Area in the Phoenix MSA with 295,471 Residents within a Five-Mile Radius
  • Outparcel to Fry's Grocery Store
  • Easily Accessible via West Indian School Road and North 107th Avenue (Over 48,000 Combined Cars per Day)
  • Surrounded by New Single-Family and Multifamily Residential Developments

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Starbucks | Ranked in Top 29% of All Starbucks in AZ per Placer.ai

Listing Price: $2,750,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
8.9
Gross SF
3,070
Guarantor
Corporate Guarantee
Rentable SF
3,070
Price/Gross SF
$895.77
Lease Type
Double Net
Rent Per Square Feet
$44.79

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • First Starbucks Site in Arizona with Double Queue/Order Lanes
  • Ranked in the Top 29 Percent of All Starbucks in Arizona per Placer.AI
  • Growing Trade Area in the Phoenix MSA with 295,471 Residents within a Five-Mile Radius
  • Outparcel to Fry's Grocery Store
  • Easily Accessible via West Indian School Road and North 107th Avenue (Over 48,000 Combined Cars per Day)
  • Surrounded by New Single-Family and Multifamily Residential Developments

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.” Avondale is a city in Arizona's Maricopa County, a suburb of Phoenix. As of the 2020 U.S. Census, the city is home to over 89,000 residents. Avondale is home to Phoenix Raceway (which hosts two NASCAR race weekends annually), the Avondale Friendship Park, and a historic corridor featuring local shops and restaurants. The city is also home to a growing economy, fueled by its key economic sectors: healthcare, technology, manufacturing and logistics, and retail and entertainment.

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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