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Starbucks 15615 S Desert Foothills Pky 4,586 SF Retail Building Phoenix, AZ 85048 $4,341,000 ($946.58/SF) 5.25% Cap Rate
Investment Highlights
- New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
- 100,259 Residents within a 5-Mile Radius - Growing Trade Area in the Ahwatukee Foothills
- Prime Location within the Ahwatukee Foothills - High Barrier to Entry Due to Community Association Restrictions
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- New Community Sit Down Prototype on a Huge 1.25-Acre Lot
- Ahwatukee Foothills was Ranked #1 in 2025 Best Neighborhoods to Live in Phoenix by Niche.com
Executive Summary
Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11thlargest metropolitan area. The largest city is Phoenix, which encompasses about 520 square miles and boasts a population of more than 1.6 million.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,586 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$4,341,000
Price Per SF
$946.58
Cap Rate
5.25%
NOI
$227,924
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.25 AC
Zoning
C-2
Parking
32 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
328’ on East Chandler Boulevard
Nearby Major Retailers
Property Taxes
| Parcel Number | 300-97-244 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $328,002 |
Property Taxes
Parcel Number
300-97-244
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$328,002
Contacts
-
Nick Christifulli -
Mark Ruble -
Christopher Lind -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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Starbucks | 15615 S Desert Foothills Pky
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