19th Ave & Glendale
Phoenix, AZ 85021
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Single-Tenant Corporate Starbucks Drive-Thru: New 10-year Lease; 10% increases every 5 years. No early termination.
- Publicly traded Company: NASDAQ: SBUX; S&P: BBB+ Investment Grade
- Excellent, Identity, Exposure & Visibility: Property benefits from prominent pylon and monument signages along Glendale Avenue
- Prime Phoenix-Glendale Location: Phoenix is the fifth largest city in the United States and one of the fastest growing city of the last decade
- High-Traffic, Signalized Intersection of Glendale Avenue and 19th Avenue (61,000 cars per day)
- Direct Access to Interstate -17: The property is located about a half-mile east of Interstate-17 (198,885 CPD)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,106 SF
Building Class
B
Year Built/Renovated
2008/2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.75 AC
Zoning
C-3 - Commercial
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
119’ on W Glendale Ave
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 157-17-039G | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $164,165 |
