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Black Rock Coffee Bar 3225 E Baseline Rd 2,485 SF Retail Building Phoenix, AZ 85042 $2,800,000 ($1,126.76/SF) 5% Cap Rate
Investment Highlights
- Brand-new, 15-year lease with a corporate guaranty from Black Rock Coffee (NYSE: BRCB)
- 2,485 SF brand new construction building with a double drive-thru
- Black Rock Coffee has ±54 stores in Arizona and growing, along with their recent IPO in September of 2025 (NYSE: BRCB)
- Absolute NNN with no Landlord responsibilities
- The lease has scheduled rent increases - 10% every 5 years including each option period
Executive Summary
Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Black Rock Coffee Bar located at the SEC of 32nd St and Baseline Rd, in Phoenix, AZ. The property was recently completed in 2025 and secured with an Absolute NNN lease featuring a 15-year term with no landlord responsibilities, a corporate guaranty, and a double drive-thru designed for high-volume service.
The site is positioned on Baseline Rd with ±59,112 VPD and is surrounded by established rooftops plus nearby residential activity, including Shadow Mountain Villas Condominiums (277 units) and The Raven Condominiums (161 units), with additional residential under construction. The property benefits from a dense consumer base with 510,542 people within 15 minutes and average household incomes of $113,838 (5 min) / $101,122 (10 min)—supporting daily coffee demand in a built-out, infill-style trade area with strong daytime drivers and established neighborhoods.
The site is positioned on Baseline Rd with ±59,112 VPD and is surrounded by established rooftops plus nearby residential activity, including Shadow Mountain Villas Condominiums (277 units) and The Raven Condominiums (161 units), with additional residential under construction. The property benefits from a dense consumer base with 510,542 people within 15 minutes and average household incomes of $113,838 (5 min) / $101,122 (10 min)—supporting daily coffee demand in a built-out, infill-style trade area with strong daytime drivers and established neighborhoods.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
2,485 SF
Building Class
B
Year Built
2025
Price
$2,800,000
Price Per SF
$1,126.76
Cap Rate
5%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Amenities
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Black Rock Coffee Bar
- Accommodation and Food Services
- 2,485 SF
- -
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Black Rock Coffee Bar | Accommodation and Food Services | 2,485 SF | - | Triple Net | - |
Property Taxes
| Parcel Number | 301-23-764 | Improvements Assessment | $0 |
| Land Assessment | $40,432 | Total Assessment | $40,432 |
Property Taxes
Parcel Number
301-23-764
Land Assessment
$40,432
Improvements Assessment
$0
Total Assessment
$40,432
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Black Rock Coffee Bar | 3225 E Baseline Rd
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