421 N White Mountain Rd
Show Low, AZ 85901
Starbucks | 5.1% Cap | New 10 Yr Lse · Retail Property For Sale

CBRE is pleased to offer for sale this single-tenant Starbucks (the “Property”) located at the southeast corner of Deuce of Clubs (Route 60) and White Mountain Road (SR 260) in Show Low, AZ. This Starbucks offering consists of a newly executed 10-year single-tenant net lease with 9.5 years remaining on the lease. The newly constructed building is made up of ±2,400 rentable square feet on approximately ±40,075 square feet of land. The investment opportunity offers an attractive 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 29,324 stores globally as of September 30, 2018. (Source: emarketer.com) Starbucks sells drip brewed coffee, espresso-based hot drinks, other hot and cold drinks, snacks and retail items. Starbucks is strategically positioned on the southeast corner of Deuce of Clubs (Route 60) and White Mountain Road (SR 260) which has approximately 37,624 vehicles per day total, providing outstanding retail exposure (Source: City of Show Low). Nearby retailers include: Discount Tire, Verizon Wireless, Washington Federal, Chase Bank, Domino’s Pizza, McDonald’s, and KFC. This top intersection in Show Low connects US Route 60 which begins in western Arizona and runs to the New Mexico State line near Springerville and Arizona State Route 260; which is part of the National Highway System between Payson and Show Low. It continues through Pinetop-Lakeside, Greer and on to Eagar at the New Mexico border. Show Low is one of Northern Arizona’s most popular getaways. Not only does the city of Show Low provide its residents an excellent place to live but also great opportunity for employment. In the metropolitan Show Low area, there are ±3,051 businesses and nearly 36,832 employees that have an average household annual income of $53,268 (Source: Esri). The land immediately surrounding the Property has a proposed new development and will bring approximately 5-acres of new retail and service amenities. Additionally, within a 1-mile radius, the Property is surrounded by numerous existing and developing multi-housing projects.