Better Buzz 1,741 SF Retail Building Surprise, AZ 85374 $2,762,000 ($1,586.44/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Better Buzz Coffee | Absolute Ground Lease | Zero Landlord Responsibilities
- Strong Rental Growth - 10% Increases Every 5 Years Including option Periods
- 15-Year Primary Term | Corporate Guarantee | 2025 Construction
- Double-Stack Drive-Thru
EXECUTIVE SUMMARY
- Over 35 Locations - All Corporately Owned
- Recognized as the "Best Coffee Roaster" at the San Diego Coffee Festival
- Within Phase I of Elm Street @ Surprise City Center: Retail, Restaurant, Entertainment, Hospitality and Multi-family mixed-use development: https://www.elmstreetaz.com/
- Just minutes from the City of Surprise's municipal complex, Ottawa University and Surprise Stadium, Home of the Texas Rangers and Kansas City Royals
- Recognized as the "Best Coffee Roaster" at the San Diego Coffee Festival
- Within Phase I of Elm Street @ Surprise City Center: Retail, Restaurant, Entertainment, Hospitality and Multi-family mixed-use development: https://www.elmstreetaz.com/
- Just minutes from the City of Surprise's municipal complex, Ottawa University and Surprise Stadium, Home of the Texas Rangers and Kansas City Royals
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,741 SF
Building Class
C
Year Built
2024
Price
$2,762,000
Price Per SF
$1,586.44
Cap Rate
5.25%
NOI
$145,005
Tenancy
Single
Building Height
1 Story
Lot Size
8.21 AC
Zoning
PAD - Planned Area Development - Commercial
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 501-18-690 | Improvements Assessment | $0 |
| Land Assessment | $156,877 | Total Assessment | $156,877 |
