Views: 0 DOM: 89 Updated: 11.28.23 Posted: 09.13.23 Status: Active


Price $3,470,000
Built/Renov 2022
Tenant Starbucks
Cap Rate 4.25%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,458
Lease Start 11-01-2023
#Units 36,000
Price/SF $1,411.72
Expiration 11-01-2033
Tenant Type Fast Food/QSR
NOI $147,480
R. Term 9.10
Ownership Fee Simple
Rent/SF $60.00
Increases 10.0%/5/yrs
Pop 5Mi 436,218
Lot/AC 1.31
Options 4/5yrs/10%
AHHI 5Mi $73,680

Lease Highlights

  • New 2022 construction
  • Starbucks recently signed a new 10-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option
  • Corporate guarantee by Starbucks Corporation (NASDAQ: SBUX)
  • Starbucks is an investment grade tenant (S&P: BBB+)

Location Description

Starbucks is situated on N Central Avenue, benefiting from a daily traffic count of 30,806 vehicles passing by. It is located in a densely populated area of central Phoenix. The property's prime position along Central Avenue, a busy thoroughfare in Phoenix with a daily traffic count of 30,806 vehicles, adds to its convenience. In addition, this Starbucks location enjoys the advantage of being...



  • 1 Mile
  • 3 Miles
  • 5 Miles


  • Tenant: Starbucks
  • Guarantor:Corp T and Rated
  • Company:Starbucks Corporation
  • # Units:36,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock:NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 20,163 182,249 434,103
2023 Total Population : 18,016 170,154 422,277
2023 Employed Civilian Pop : 11,282 90,064 204,794
2023 Total Businesses : 2,108 11,518 20,436
2023 Average Household Income : $ 96,386 $ 88,791 $ 90,787
2023 Total Consumer Spending : $ 840 M $ 6026 M $ 13262 M
2023 Median Age : 39 35 33
2023 Total Households : 9,971 77,259 166,238
2023 Pop Age 25+: Bachelor's Degree : 4,333 27,792 53,663
2023 Average Home Value : $ 468,433 $ 466,706 $ 462,801
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
North Central Avenue W United Bank Dr 2018 21,095 0.00 mi
N Central Ave E Earll Dr 2012 22,486 0.10 mi
N 1st Pl E Monterey Way 2010 866 0.12 mi
E Osborn Rd N 2nd St 2015 20,953 0.21 mi
E Catalina Dr N Central Ave 2010 4,119 0.21 mi
N 2nd St E Catalina Dr 2014 1,755 0.23 mi
N 3rd Ave W Earll Dr 2010 7,648 0.25 mi
N 3rd St E Monterey Way 2015 14,679 0.26 mi
N 3rd Ave W Osborn Rd 2012 6,830 0.28 mi
N Central Ave E Thomas Rd 2010 19,618 0.29 mi

Listing Broker

Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT




my activity