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Restaurant

Starbucks

7050 E Shea Blvd, Scottsdale, AZ 85254

Listing Price: $2,238,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
900
Lease Type
Double Net
Rent Per Square Feet
$130.56

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.” The company purchases and roasts high-quality coffees
that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items,
through company-operated stores.
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

  • 9+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 184,626 Residents within a 5-Mile Radius - Households and Population Projected to Increase 6% in the Surrounding Area by 2028
  • Multiple Renewal Options with 10% Rental Increases Every 5 Years
  • Affluent Trade Area with Average Household Income Exceeding $180,000 within 3 Miles
  • Frontage Along Shea Boulevard with 97,000+ Cars/Day at the Corner of Shea Boulevard and Scottsdale Road

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $2,238,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
9.5
Guarantor
Corporate Guarantee
Rentable SF
900
Lease Type
Double Net
Rent Per Square Feet
$130.56

Investment Highlights

  • 9+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 184,626 Residents within a 5-Mile Radius - Households and Population Projected to Increase 6% in the Surrounding Area by 2028
  • Multiple Renewal Options with 10% Rental Increases Every 5 Years
  • Affluent Trade Area with Average Household Income Exceeding $180,000 within 3 Miles
  • Frontage Along Shea Boulevard with 97,000+ Cars/Day at the Corner of Shea Boulevard and Scottsdale Road

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.” The company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores. 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

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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