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STNL STARBUCKS | NEW CORPORATE NET LEASE 7656 S Power Rd 1,694 SF Retail Building Gilbert, AZ 85297 $3,449,000 ($2,036.01/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new corporate guaranteed 10-year net lease, landlord has limited responsibilities
- Average household income is over $174,000 within a 3-mile radius
- True investment grade tenant Starbucks Corporation (NASDAQ: SBUX), with nearly 40,800 locations in 88 markets
- Freestanding building with double drive-thru
- ASU's Polytechnic Campus with ±6,183 students is just 2 miles north of property
- New 2025 construction is eligible for bonus depreciation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,694 SF
Building Class
C
Year Built
2025
Price
$3,449,000
Price Per SF
$2,036.01
Cap Rate
5.50%
NOI
$189,700
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.71 AC
Zoning
C-2 - Commercial
AMENITIES
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Starbucks
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Starbucks | - | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 304-60-992 | Improvements Assessment | $0 |
| Land Assessment | $46,608 | Total Assessment | $46,608 |
PROPERTY TAXES
Parcel Number
304-60-992
Land Assessment
$46,608
Improvements Assessment
$0
Total Assessment
$46,608
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STNL STARBUCKS | NEW CORPORATE NET LEASE | 7656 S Power Rd
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