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1661 N Higley Rd
Gilbert, AZ 85234
STARBUCKS | NEW CORPORATE 10 YEAR LEASE · Retail Property For Sale
PROPERTY FACTS
ABOUT 1661 N HIGLEY RD , GILBERT, AZ 85234
INVESTMENT HIGHLIGHTS: --Brand new corporate 10-year net lease, landlord has limited responsibilities --Across from Banner Gateway Medical Center (176 beds, 1,390 employees), Banner MD Anderson Career Center and Banner also owns 70 acres of land for future expansion---Starbucks is one of the nation’s preeminent corporations with 1Q2018 net revenues up 6% to a record $6 billion --Excellent customer potential, site drivers include Banner Gateway Medical Campus, multiple hotels (6) at the intersection, and located just south of US 60 freeway on the ‘going to work’ side of Higley Road --True investment grade tenant Starbucks Corporation (NASDAQ: SBUX) with over 28,000 stores in 76 markets --Strong 10% rent increases every 5 years through the primary term and option periods --Brand new 2018 construction freestanding building with drive-thru --Starbucks (S&P: A) annual corporate revenues in excess of $22.39 billion --Average HH income nearly $92,000 within a 1-mile radius
PROPERTY TAXES
| Parcel Number | 140-69-367 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $213,652 |
PROPERTY TAXES
