1688 E Route 66
Flagstaff, AZ 86004
Starbucks | Brand New Construction · Retail Property For Sale

CBRE is pleased to offer for sale this single tenant Starbucks (the Property ) at the hard NEC of Historic Route 66 and Ponderosa Parkway in Flagstaff, Arizona. This Starbucks offering consists of a 10.5-year triple net (NNN) single tenant lease with nine years remaining. The building is ±1,965 rentable square feet on approximately 31,140 square feet of land. The investment opportunity offers a very secure lease with the most well-known coffee retailer in the world. The lease calls for 10% rental increases every five years in the initial term and throughout the four (4), 5-year option periods. This investment offers a corporate guarantee by Starbucks Corporation. Starbucks Corporation is an international coffee and coffeehouse chain based in Seattle, Washington. Starbucks was founded in 1971 and is the largest coffeehouse company in the world, with approximately 25,000 stores globally. Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, snacks and retail items. Historic Route 66 is a busy main arterial through Flagstaff with ±22,589 vehicles per day passing through the area and stopping along the way. The Property has easy access to Interstate-40 which has ±44,532 vehicles per day and is one-mile East of Historic Downtown Flagstaff. (Source: ADOT & City of Flagstaff) Flagstaff is a mountain town in northern Arizona located in Coconino County, approximately 150 miles north of Phoenix, Arizona and 80 miles south of the Grand Canyon. In 2015, the City of Flagstaff had an estimated population of ±70,320; however, the combined metropolitan area of Flagstaff is estimated to have a population of ±139,097. Located at the junction of Interstate-17 and Interstate-40, the city of Flagstaff is served by a train depot and a regional airport with daily flights to-and-from Phoenix, making the city easily accessible to just about anyone in the world. Flagstaff welcomes approximately 4 million visitors each year due to the city' s proximity to key attractions such as: the Grand Canyon National Park, Oak Creek Canyon, Arizona Snowbowl, Meteor Crater, Route 66, the Museum of Northern Arizona, and more.