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Restaurant

Starbucks

6210 E Broadway Blvd, Tucson, AZ 85711

Listing Price: $3,181,800

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,446.27
Lease Type
Double Net
Rent Per Square Feet
$79.55

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.”

Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Investment Highlights

  • Brand New 10-Year Lease with Corporate Guaranty
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • Adjacent to Park Place Mall - 7 Million Visits Reported Over the Past 12 Months per Placer.ai
  • Excellent Frontage Along East Broadway Boulevard with Approximately 77,000 Cars per Day at the Corner of Wilmot Road and Broadway Boulevard
  • 255,253 Residents within a Five-Mile Radius - Dense Tucson Infill
  • Central Location within a 20-Minute Drive of Tucson International Airport, Downtown Tucson, and The University of Arizona

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: $3,181,800

Cap Rate
5.50%
Tenant Name
Starbucks
Years Remaining On Lease
9.4
Gross SF
2,200
Guarantor
Corporate Guarantee
Rentable SF
2,200
Price/Gross SF
$1,446.27
Lease Type
Double Net
Rent Per Square Feet
$79.55

Investment Highlights

  • Brand New 10-Year Lease with Corporate Guaranty
  • 10% Rental Increases Every Five Years with Multiple Renewal Options
  • Adjacent to Park Place Mall - 7 Million Visits Reported Over the Past 12 Months per Placer.ai
  • Excellent Frontage Along East Broadway Boulevard with Approximately 77,000 Cars per Day at the Corner of Wilmot Road and Broadway Boulevard
  • 255,253 Residents within a Five-Mile Radius - Dense Tucson Infill
  • Central Location within a 20-Minute Drive of Tucson International Airport, Downtown Tucson, and The University of Arizona

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.” Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

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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