Your email has been sent.
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 roaster and retailer of whole bean coffee, tea, and spices, and the business later developed into a coffeehouse brand centered on handcrafted beverages and customer connection. Starbucks operates a large network of company-operated and licensed coffeehouses and has a growing presence in consumer-packaged goods, extending the brand beyond cafés into at-home coffee products. The company's menu and format strategy includes coffeehouse and menu innovation, along with food offerings that span bakery items, snacks, and other daypart products. Starbucks focuses on specialty coffee, beverage service, and branded consumer products across its retail and packaged-goods business.
| 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
Contact the Sale Advisor
Starbucks | Phoenix, AZ | 15615 S Desert Foothills Pky