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123 Phoenix Rd
Phoenix, OR 97535
Starbucks · Retail Property For Sale
Investment Highlights
- 2025 build-to-suit for an investment-grade tenant (BBB+, S&P).
- Prominent hard corner at the signalized intersection of Pacific Hwy (15,100 VPD) and N Phoenix Rd (12,476 VPD), with immediate access to I-5 Exit 24.
- Only Starbucks in Phoenix; the nearest location is ~3 miles away in Medford.
- 10-year NNN lease with 10% rent bumps every five years, including at the start of each of four 5-year options.
- Across from Ray’s Food Place, a regional grocer drawing 180K+ annual visits; nearby national co-tenancy includes McDonald’s, Dutch Bros, & Home Depot
- Starbucks rationalized the trade area—retaining this site while closing one Ashland store and three Medford stores.
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.46 AC
Zoning
C-1
Parking
16 Spaces (7.27 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 10009301 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $333,710 |
Property Taxes
Parcel Number
10009301
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$333,710
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