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Restaurant

Black Rock Coffee

635 E Hunt Hwy, San Tan Valley, AZ 85143

Listing Price: $2,952,300

Cap Rate
5.25%
Tenant Name
Black Rock Store Operations, LLC
Years Remaining On Lease
14.4
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,230.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.58

Investment Overview

Based in Portland, Oregon, Black Rock Coffee Bar is a contemporary coffee chain with locations throughout the West Coast. Currently, there are over 140 locations open and in development throughout Oregon, Arizona, California, Washington, Idaho, Texas, and Colorado.

San Tan Valley is located in the Phoenix metropolitan area’s southeastern suburbs. Today, nearly 100,000 people call San Tan Valley home, up from 81,000 residents only 10 years prior. San Tan Valley is one of the Phoenix region's fastest-growing communities. SmartAsset ranked the community #49 in their list of Top 100 Boomtowns in America for 2022.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with National Coffee Tenant - 140+ Locations in Seven States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New 2024 Construction with a Double Drive-Thru Lanes
  • Black Rock Coffee is One of the Largest Privately-Held Coffee Companies in the U.S. and Operates 44 Locations in Arizona
  • 82,077 Residents within a Five-Mile Radius - Phoenix MSA
  • Households and Population Projected to Increase Over Seven Percent in the Surrounding Area by 2028
  • Surrounded by National Retailers: Fry's, McDonald's, Walgreens, and More
  • Excellent Visibility Along Hunt Highway, San Tan Valley's Primary Thoroughfare (33,500+ Cars per Day)

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Black Rock Coffee

Listing Price: $2,952,300

Cap Rate
5.25%
Tenant Name
Black Rock Store Operations, LLC
Years Remaining On Lease
14.4
Gross SF
2,400
Guarantor
Corporate Guarantee
Rentable SF
2,400
Price/Gross SF
$1,230.12
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$64.58

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease with National Coffee Tenant - 140+ Locations in Seven States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • New 2024 Construction with a Double Drive-Thru Lanes
  • Black Rock Coffee is One of the Largest Privately-Held Coffee Companies in the U.S. and Operates 44 Locations in Arizona
  • 82,077 Residents within a Five-Mile Radius - Phoenix MSA
  • Households and Population Projected to Increase Over Seven Percent in the Surrounding Area by 2028
  • Surrounded by National Retailers: Fry's, McDonald's, Walgreens, and More
  • Excellent Visibility Along Hunt Highway, San Tan Valley's Primary Thoroughfare (33,500+ Cars per Day)

Investment Overview

Based in Portland, Oregon, Black Rock Coffee Bar is a contemporary coffee chain with locations throughout the West Coast. Currently, there are over 140 locations open and in development throughout Oregon, Arizona, California, Washington, Idaho, Texas, and Colorado. San Tan Valley is located in the Phoenix metropolitan area’s southeastern suburbs. Today, nearly 100,000 people call San Tan Valley home, up from 81,000 residents only 10 years prior. San Tan Valley is one of the Phoenix region's fastest-growing communities. SmartAsset ranked the community #49 in their list of Top 100 Boomtowns in America for 2022.

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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