Skip to main content

Restaurant

Bikini Beans Coffee Ground Lease

3313 S Val Vista Dr, Gilbert, AZ 85297

Listing Price: $1,462,000

Cap Rate
6.50%
Tenant Name
Bikini Beans Coffee
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
837
Lease Type
Ground Lease
Rent Per Square Feet
$113.50

Investment Overview

As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. As Gilbert approaches build-out over the next decade, the estimated population is expected to reach 330,000.

Bikini Beans is a Phoenix-based, family-owned coffee chain with seven locations open in the Phoenix valley, with more locations currently in development. Bikini Beans sources high-quality, locally-roasted coffee beans to craft their menu of espresso drinks, blended frappes, smoothies, and protein shakes. Bikini Beans is known for employing "Bikini Baristas," whose uniforms represent empowerment and freedom. The company's hope is that their employees' bold uniforms uplift coffee enthusiasts, tea drinkers, and protein shake lovers to go about their days with the same level of self confidence as shown by their employees

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
  • 12.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Visible Location Along South Val Vista Drive, Accessible by ±49,000 Cars per Day at the Corner of Val Vista Drive and South Market Street
  • 302,800 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8-10 Percent in the Immediate Area by 2029
  • Excellent Location in Gilbert's Primary Commercial Corridor - Immediate Proximity to SanTan Village Mall, SanTan Motorplex, Dignity Health Mercy Gilbert Medical Center, and the Veterans Affairs Health Clinic
  • Affluent Trade Area - Average Household Income Exceeds $152,000 in a Three-Mile Radius
  • Situated Just North of the Loop 202, a Major Connector for the Phoenix MSA

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Bikini Beans Coffee Ground Lease

Listing Price: $1,462,000

Cap Rate
6.50%
Tenant Name
Bikini Beans Coffee
Years Remaining On Lease
19.6
Guarantor
Corporate Guarantee
Rentable SF
837
Lease Type
Ground Lease
Rent Per Square Feet
$113.50

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease - 2025 Construction
  • 12.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Highly Visible Location Along South Val Vista Drive, Accessible by ±49,000 Cars per Day at the Corner of Val Vista Drive and South Market Street
  • 302,800 Residents in a Five-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
  • Rapidly Growing Trade Area - Households and Population Projected to Increase 8-10 Percent in the Immediate Area by 2029
  • Excellent Location in Gilbert's Primary Commercial Corridor - Immediate Proximity to SanTan Village Mall, SanTan Motorplex, Dignity Health Mercy Gilbert Medical Center, and the Veterans Affairs Health Clinic
  • Affluent Trade Area - Average Household Income Exceeds $152,000 in a Three-Mile Radius
  • Situated Just North of the Loop 202, a Major Connector for the Phoenix MSA

Investment Overview

As part of the Phoenix MSA, Gilbert, Arizona has evolved into one of the fastest growing communities and the largest town in the United States. Encompassing 72.6 square miles, just southeast of Phoenix, Gilbert has transformed from an agricultural community to a thriving and economically-diverse suburban community. As Gilbert approaches build-out over the next decade, the estimated population is expected to reach 330,000. Bikini Beans is a Phoenix-based, family-owned coffee chain with seven locations open in the Phoenix valley, with more locations currently in development. Bikini Beans sources high-quality, locally-roasted coffee beans to craft their menu of espresso drinks, blended frappes, smoothies, and protein shakes. Bikini Beans is known for employing "Bikini Baristas," whose uniforms represent empowerment and freedom. The company's hope is that their employees' bold uniforms uplift coffee enthusiasts, tea drinkers, and protein shake lovers to go about their days with the same level of self confidence as shown by their employees

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

MM Texture Background
MM Textured Background Lower