Restaurant

Starbucks

1010 S Main St, Cottonwood, AZ 86326

Listing Price: $2,538,000

Cap Rate
4.65%
Tenant Name
Starbucks
Years Remaining On Lease
9.40
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Double Net
Rent Per Square Feet
$51.30

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. Starbucks also sells a variety of coffee and tea products and license their trademarks through other channels such as licensed stores, grocery and national food service accounts. Cottonwood is a city in Arizona’s Yavapai County with an estimated 2019 population of 12,253. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Investment Highlights

  • 9.5+ Years Remaining on Corporate Lease with Starbucks
  • New 2019 Construction with a Drive-Thru
  • 10% Rental Increases Every 5 Years
  • 31,454 Residents in Growing Cottonwood Trade Area - Households Projected to Increase 4%+ within a 5-Mile Radius by 2024
  • Signalized Hard Corner Location - Over 48,400 Cars/Day at the Intersection of South Main Street and AZ-260
  • Surrounded by National Retailers - McDonald's, Taco Bell, The Home Depot, Fry's Food And Drug, Walmart, JCPenney, and More

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

Listing Price: $2,538,000

Cap Rate
4.65%
Tenant Name
Starbucks
Years Remaining On Lease
9.40
Guarantor
Corporate Guarantee
Rentable SF
2,300
Lease Type
Double Net
Rent Per Square Feet
$51.30

Investment Highlights

  • 9.5+ Years Remaining on Corporate Lease with Starbucks
  • New 2019 Construction with a Drive-Thru
  • 10% Rental Increases Every 5 Years
  • 31,454 Residents in Growing Cottonwood Trade Area - Households Projected to Increase 4%+ within a 5-Mile Radius by 2024
  • Signalized Hard Corner Location - Over 48,400 Cars/Day at the Intersection of South Main Street and AZ-260
  • Surrounded by National Retailers - McDonald's, Taco Bell, The Home Depot, Fry's Food And Drug, Walmart, JCPenney, and More

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. Starbucks also sells a variety of coffee and tea products and license their trademarks through other channels such as licensed stores, grocery and national food service accounts. Cottonwood is a city in Arizona’s Yavapai County with an estimated 2019 population of 12,253. The city is located adjacent to the Verde River in the geographic center of Arizona in an area known as the Verde Valley, about 100 miles north of the Phoenix metropolitan area. The Verde River runs through the valley from the northwest to the southeast and is augmented by flows from Sycamore Canyon, Oak Creek, Beaver Creek, and West Clear Creek. The area is known for its beauty, with the red rocks and Mogollon Rim to the north and east and the Black Hills and Mingus Mountain dominating the western and southern portions of the valley.

Exclusively Listed By

  • Peter Bauman

    Senior Vice President Investments

    (602) 687-6685

    Email Peter

    License(s): AZ: SA647389000, NV: S.0186153

    Phoenix

  • Chris Lind

    Senior Vice President Investments

    (602) 687-6780

    Email Chris

    License(s): AZ: SA627823000

    Phoenix

  • Tivon Moffitt

    Senior Vice President Investments

    (602) 687-6688

    Email Tivon

    License(s): AZ: BR639369000, NV: S.0186027, UT: 11178542-AB00

    Phoenix

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