Starbucks 11420 W Lower Buckeye Rd 2,262 SF Retail Building Avondale, AZ 85323 $3,886,111 ($1,718.00/SF) 5.40% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s largest coffeehouse chain and one of the most recognized consumer brands globally. The property is secured by a corporate guaranteed lease featuring a new 12-year primary term, providing investors with a stable and predictable income stream backed by an investment-grade tenant with a long operating history and proven resilience. The lease structure includes attractive 10% rental increases every five years, further enhancing long-term income growth.
Founded in 1971, Starbucks has grown into a globally dominant coffee retailer, operating approximately 40,000 stores across 88 countries, including more than 16,800 locations in the United States. In fiscal year 2025, Starbucks generated approximately $37.2 billion in revenue, underscoring the brand’s scale and continued consumer demand. The company’s strong market capitalization of approximately $110 billion and its industry-leading drive-thru model reinforce its position as a best-in-class net lease tenant with consistent performance across economic cycles.
The property is strategically located in Avondale, Arizona, within a rapidly expanding trade area in the West Phoenix metro. The site benefits from proximity to Interstate 10 (approximately 212,000 vehicles per day) and is positioned near the planned Loop 303 extension, enhancing future connectivity between Loop 303 and Loop 202. The surrounding area is supported by strong growth fundamentals, including more than 189,000 residents within a five-mile radius and average household incomes exceeding $109,000. Additionally, the property is located near Phoenix Raceway and is surrounded by significant planned development, including approximately 240 acres of commercial expansion anchored by grocery and retail uses, as well as more than 5,000 residential units planned within a two-mile radius.
This offering represents an opportunity to acquire a newly constructed Starbucks investment with durable cash flow, contractual rent growth, and strong underlying real estate fundamentals in one of the fastest-growing corridors in the Phoenix metropolitan area.