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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
New 10-Year Lease | Only Starbucks Drive-Thru Within a 4.5-Mile Radius | Large 1.25-Acre Lot | $206k AHHI in 1-Mile Radius
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,586 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$4,260,000
Price Per SF
$928.91
Cap Rate
5.35%
NOI
$227,910
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.25 AC
Zoning
C-2 - Commercial
Parking
32 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
328’ on East Chandler Boulevard
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 roaster and retailer of whole bean and ground coffee, tea, and spices. The company became a coffeehouse in 1987 and has since expanded into a global business centered on coffee drinks, food, cups, and merchandise. Starbucks now connects with millions of customers every day through a broad retail network and also brings some of its branded coffee products and creamers into grocery channels. The company's business is built around coffee craftsmanship, food and beverage service, and neighborhood-focused store experiences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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
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Starbucks | Phoenix, AZ | 15615 S Desert Foothills Pky