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Starbucks | Phoenix, AZ 3502 W Glendale Ave 1,700 SF 4-Star Retail Building Phoenix, AZ 85051 $2,895,000 ($1,702.94/SF) 5.20% Cap Rate
Investment Highlights
- Investment-Grade Tenant | World's Largest Coffeehouse Chain
- Passive NN Lease | Minimal Landlord Responsibilities
- Proximity to Major Destinations: One mile west of I-17 and two miles north of GCU
- Long-Term Tenancy w/Renewal Upside
- High-Traffic Intersection in Dense Infill Trade Area
- Strong Location w/National Co-Tenancy
Executive Summary
Fee Simple
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
1,700 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2021
Price
$2,895,000
Price Per SF
$1,702.94
Cap Rate
5.20%
NOI
$150,500
Tenancy
Single
Building Height
1 Story
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 151-20-001D | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $82,131 |
Property Taxes
Parcel Number
151-20-001D
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$82,131
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Starbucks | Phoenix, AZ | 3502 W Glendale Ave
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