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Restaurant

Starbucks

15615 S Desert Foothills Pkwy, Phoenix, AZ 85048

Listing Price: $4,341,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
4,586
Guarantor
Corporate Guarantee
Rentable SF
4,586
Price/Gross SF
$946.58
Lease Type
Double Net
Rent Per Square Feet
$49.70

Investment Overview

Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • 100,259 Residents within a 5-Mile Radius - Growing Trade Area in the Ahwatukee Foothills
  • New Community Sit Down Prototype on a Huge 1.25-Acre Lot
  • Prime Location within the Ahwatukee Foothills - High Barrier to Entry Due to Community Association Restrictions
  • Ahwatukee Foothills was Ranked #1 in 2025 Best Neighborhoods to Live in Phoenix by Niche.com
  • The Only Starbucks in Arizona Listed for Under $1,000/SF - One of the Top Starbucks Locations in its District
  • Affluent Trade Area - $186,000 Average Household Income in the Immediate Area

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $4,341,000

Cap Rate
5.25%
Tenant Name
Starbucks
Years Remaining On Lease
10.0
Gross SF
4,586
Guarantor
Corporate Guarantee
Rentable SF
4,586
Price/Gross SF
$946.58
Lease Type
Double Net
Rent Per Square Feet
$49.70

Investment Highlights

  • New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • 100,259 Residents within a 5-Mile Radius - Growing Trade Area in the Ahwatukee Foothills
  • New Community Sit Down Prototype on a Huge 1.25-Acre Lot
  • Prime Location within the Ahwatukee Foothills - High Barrier to Entry Due to Community Association Restrictions
  • Ahwatukee Foothills was Ranked #1 in 2025 Best Neighborhoods to Live in Phoenix by Niche.com
  • The Only Starbucks in Arizona Listed for Under $1,000/SF - One of the Top Starbucks Locations in its District
  • Affluent Trade Area - $186,000 Average Household Income in the Immediate Area

Investment Overview

Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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