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117 S Val Vista Dr
Gilbert, AZ 85296
Starbucks · Retail Property For Sale
Investment Highlights
- 2020 remodel and a brand new 10-year lease with Starbucks Corporation, one of the most sought-after tenants in the retail industry.
- Ideally positioned with great frontage and visibility to over 40,000 cars per day on Val Vista Drive.
- Large prototype concept – the building is Starbucks’ newer concept which is approximately 30% larger in GLA than most other freestanding Starbucks
- Situated in a highly affluent suburb of Phoenix, Gilbert has over 325,000 people in a 5-mile radius
- The lease has fixed 7.50% rental increases every 5-years, providing for a great hedge against inflation and future value generation.
- Low Price Per Square Foot
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,376 SF
Building Class
B
Year Built/Renovated
2001/2020
Tenancy
Single
Building Height
1 Story
Lot Size
584.00 AC
Zoning
SC
Amenities
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 309-11-838 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $222,358 |
Property Taxes
Parcel Number
309-11-838
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$222,358
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