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Starbucks | Phoenix, AZ 15615 S Desert Foothills Pky 4,586 SF Retail Building Phoenix, AZ 85048 $4,260,000 ($928.91/SF) 5.35% Cap Rate
Investment Highlights
- Single-Tenant Corporate Starbucks Drive-Thru and Cafe (NASDAQ: SBUX; S&P: BBB+)
- Four 5-year options at 10% increases
- Very Strong Performing Store: One of the top busiest locations in the district of approx. 30 locations
- New 10-year lease; 10% rent increase every 5 years
- Only Starbucks Drive-Thru in a 4.5-Mile Radius
- Long-Term Replaceable and Sustainable Rent
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Starbucks began in 1971 in Seattle's Pike Place Market as a seller of fresh-roasted whole bean coffee, and the business became a coffeehouse in 1987. The company now serves a global footprint of coffeehouses and roastery reserves, with a business built around specialty coffee, coffee drinks, food, cups, and merchandise. Starbucks also has a growing presence in consumer-packaged goods and foodservice, extending the brand beyond cafés while keeping coffee sourcing and roasting at the center of the model. Community support, sustainability, and responsible sourcing remain part of the company's broader operating approach.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 300-97-244 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $328,002 |
Property Taxes
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Starbucks | Phoenix, AZ | 15615 S Desert Foothills Pky
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