20216 N 27th Ave
Phoenix, AZ 85027
Starbucks - Deer Valley PHX · Retail Property For Sale
Investment Highlights
- ± 5.5 Years Remaining on the Lease w/ 3-5 Year Options (Built in 2015)
- No Early Termination Option
- Fee Simple Ownership (Land & Building)
- Double Net (NN) Lease w/ Fixed 10% Rent Increases every 5 Years
- Investment Grade, Corporate Guaranty (SBUX - S&P: BBB+)
Property Facts
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
About 20216 N 27TH AVE , PHOENIX, AZ 85027
Strategically located on N 27th Avenue, which provides direct access to Arizona State Route 101 (Loop 101) and Interstate 17, the subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, a local trade area that provides demand and synergy, population growth, and limited quick service restaurant competition. Loop 101 encompasses much of the Phoenix MSA, connecting Phoenix to Tolleson, Glendale, Peoria, Scottsdale, Mesa, Tempe, and Chandler. In addition, the subject property is surrounded by multiple educational facilities (Barry Goldwater High School: ± 1,745 students & Deer Valley Middle School: ± 594 students), corporate office campuses (Albertsons/Safeway, Best Western, American Express, PetSmart & Honeywell), hospitals (HonorHealth Deer Valley Medical Center), and shopping centers (Deer Valley Towne Center) within a one mile radius, which provide a great driver of consumer traffic for the Starbucks business model. This Starbucks property features a drive-thru window, an interior dining room with seating, outdoor patio with seating, ample parking, and was constructed in 2015 to reflect one of the most recent Starbucks prototype stores.
Property Taxes
| Parcel Number | 206-08-378 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $136,427 |
Property Taxes
