STARBUCK’S – CHANDLER, AZ

Chandler, AZ

Price $3,515,000
Cap Rate 5.15%
TYPE Single-Tenant
STATUS Available
Tenant Starbucks Corporation
LEASE TYPE NN
SQUARE FEET 2,689
YEAR BUILT 2024
LEASE EXP. 08/30/2034
CONTACT Justin Zahn
480-718-5555
[email protected]

Property Description

Starbucks has a Brand new 10-year NN* lease to Starbucks Corporation with attractive 8.0% rental escalations every 5 years! The Tenant, Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide. It is a Brand new, build-to-suit construction to Starbucks newest prototype – slated to open August 2024 (est.) – Property features an impressive double drive-thru with a 20-car stack!

The Asset is Positioned just off the hard corner with excellent drive-by visibility/access on AZ- 87/N Arizona Ave (main north/south thoroughfare) with traffic counts of 68,120 CPD! It is Pad site to AZ Compass Prep School with 237 students – Chandler has major retailers such as Walmart, Home Depot, Lowe’s, Costco, Nordstrom Rack, T.J. Maxx, Ross Dress for Less, Ace Hardware, Harbor Freight Tools, Fry’s, Food City, WinCo Foods; Less than 6 miles from Chandler Fashion Center – a shopping center anchored by Dillard’s, Macy’s and the all new SCHEELS with a diverse upscale collection of more than 180 retailers; Only minutes from Downtown Chandler – a vibrant district known for its modern Chandler Center for the Arts, featuring eclectic shops, enticing restaurants & exciting events throughout the year. Starbucks is Less than 6 miles from the Chandler-Gilbert Community College – a public community college with 14,725 students; Less than 6 miles from Mesa Community College – a public community college with 16,624 students; 5 miles from Chandler Regional Medical Center – a full-service, acute care, not-for-profit hospital providing healthcare to the East Valley of the Phoenix Metro with 429 beds.

Property Highlights

  • Brand new 10-year NN* lease to Starbucks Corporation with attractive 8.0% rental escalations every 5 years!
  • Brand new, build-to-suit construction to Starbucks newest prototype - slated to open August 2024 (est.) - Property features an impressive double drive-thru with a 20-car stack!
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 110,070 | Average Household Income (1-MI): $147,126
  • Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide
  • Positioned just off the hard corner with excellent drive-by visibility/access on AZ- 87/N Arizona Ave (main north/south thoroughfare) with traffic counts of 68,120 CPD!