6502 N 16th St
Phoenix, AZ 85016
THE HUMAN BEAN | 20 YR ABSOLUTE NNN · Retail Property For Sale

INVESTMENT HIGHLIGHTS • Long-term 20-year absolute NNN lease means zero landlord responsibilities and strong 10% rent increases every 5 years • Six (6) personal guarantors that own and operate 7 Human Bean stores in Arizona & Oregon (two under construction and one new lease pending) • Brand new 2018 construction with drive-thru on the “going to work side” of the street, to accommodate the weekday commuter traffic driving south on 16th Street • The Human Bean has expanded to 80+ locations in 10 states LOCATION HIGHLIGHTS • The Human Bean is located in one of the most sought-after spaces in Phoenix Metro, with high retailer demand due to exceptional sales volume and high barriers to entry • Strong employment corridor includes over 252,000 daytime employees within a 5-mile radius • Dense, affluent historic neighborhoods surround the property with nearly 370,000 residents within a 5-mile radius • Signalized hard corner location with excellent visibility from 16th Street and over 26,000 vehicles per day at the intersection • Located less than 1-mile west of the most heavily traveled stretch of Interstate 51 with ±205,000 vehicles per day • 10 minutes to Interstate 17, the main thoroughfare between Flagstaff and Phoenix