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Restaurant

Better Buzz Coffee Drive-Thru | 15-Yr Ground Lease

550 W Elliot Rd, Tempe, AZ 85284

Listing Price: $2,600,000

Cap Rate
5.00%
Tenant Name
Better Buzz Coffee
Years Remaining On Lease
5.6
Gross SF
1,575
Guarantor
No Guarantee
Rentable SF
1,575
Price/Gross SF
$1,650.79
Lease Type
NNN Ground Lease
Rent Per Square Feet
$82.54

Investment Overview

Marcus & Millichap is pleased to present for sale Better Buzz Coffee in Tempe, Arizona. Better Buzz Coffee Company is a San Diego-based coffee brand. With roughly 20 locations throughout the San Diego area, the company has recently expanded into the Phoenix market, opening its first Arizona location in February 2024 with plans to open more locations in Tempe, Surprise, Scottsdale, and Queen Creek this year.
Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 306,636 Residents within a 5-Mile Radius - Dense Tempe Infill within the Phoenix MSA, Projected to Increase 4% by 2028
  • Better Buzz Coffee is an Established San Diego-Based Coffee Brand that is Expanding Into the Phoenix Market
  • High-Quality 2024 Construction with a Drive-Thru
  • Hard Corner Location Visible to 65,000 Cars per Day at the Intersection of Kyrene Road and Elliot Road

Exclusively Listed By

Financing By

Restaurant

Better Buzz Coffee Drive-Thru | 15-Yr Ground Lease

Listing Price: $2,600,000

Cap Rate
5.00%
Tenant Name
Better Buzz Coffee
Years Remaining On Lease
5.6
Gross SF
1,575
Guarantor
No Guarantee
Rentable SF
1,575
Price/Gross SF
$1,650.79
Lease Type
NNN Ground Lease
Rent Per Square Feet
$82.54

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 306,636 Residents within a 5-Mile Radius - Dense Tempe Infill within the Phoenix MSA, Projected to Increase 4% by 2028
  • Better Buzz Coffee is an Established San Diego-Based Coffee Brand that is Expanding Into the Phoenix Market
  • High-Quality 2024 Construction with a Drive-Thru
  • Hard Corner Location Visible to 65,000 Cars per Day at the Intersection of Kyrene Road and Elliot Road

Investment Overview

Marcus & Millichap is pleased to present for sale Better Buzz Coffee in Tempe, Arizona. Better Buzz Coffee Company is a San Diego-based coffee brand. With roughly 20 locations throughout the San Diego area, the company has recently expanded into the Phoenix market, opening its first Arizona location in February 2024 with plans to open more locations in Tempe, Surprise, Scottsdale, and Queen Creek this year. Located just 10 minutes east of downtown Phoenix, Tempe exudes its own personality and the youthful spirit of a college town. Home to Arizona State University, the largest public university in the United States, Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.

Exclusively Listed By

Financing By

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