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


Price $2,999,785
Built/Renov 2023
Tenant Starbucks
Cap Rate 4.65%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 2,600
Lease Start 08-01-2023
#Units 36,000
Price/SF $1,153.76
Expiration 07-31-2033
Tenant Type Fast Food/QSR
NOI $139,490
R. Term 9.7
Ownership Fee Simple
Rent/SF $53.65
Increases 10.0%/4/yrs
Pop 5Mi 57,258
Lot/AC 1.43
Options 4/5yrs/10%
AHHI 5Mi $82,199

Lease Highlights

  • Brand-new 2023 construction
  • Starbucks recently signed a brand-new 10-year lease with 4 (5-year) options to extend
  • Lease features 10% rental increases every 5 years
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Corporate guaranteed lease
  • Starbucks is an investment grade tenant (S&P: BBB+)

Location Description

Starbucks is situated on N Pinal Avenue with access to 19,019 vehicles passing by daily. It is conveniently located within 1 mile of Casa Grande Union High School, which has an enrollment of approximately 1,977 students. The subject property is also adjacent to Fry's Marketplace, Walgreens, and Villago Village, a community consisting of 1,021 homes. Casa Grande Municipal Airport is just 1 mile...



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  • 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 : 5,068 34,694 64,245
2023 Total Population : 4,816 31,079 59,937
2023 Employed Civilian Pop : 2,221 14,084 26,732
2023 Total Businesses : 64 401 1,300
2023 Average Household Income : $ 87,678 $ 83,794 $ 85,078
2023 Total Consumer Spending : $ 119 M $ 829 M $ 1624 M
2023 Median Age : 34 37 37
2023 Total Households : 1,575 11,348 21,881
2023 Pop Age 25+: Bachelor's Degree : 469 2,569 4,917
2023 Average Home Value : $ 313,037 $ 269,432 $ 263,720
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W McCartney Rd N Pinal Ave 2016 9,630 0.19 mi
West McCartney Road N Pinal Ave 2018 11,495 0.20 mi
North Pinal Avenue W McCartney Rd 2019 21,243 0.26 mi
North Pinal Avenue W Palm Ave 2019 19,559 0.37 mi
W McCartney Rd N Casa Grande Ave 2013 8,990 0.55 mi
West McCartney Road N Casa Grande Ave 2019 12,035 0.55 mi
North Pinal Avenue W McCartney Rd 2021 26,362 0.56 mi
North Pinal Avenue N Sidewinder Trl 2018 21,906 0.56 mi
N Casa Grande Ave W McCartney Rd 2013 3,600 0.58 mi
West Centennial Boulevard N Piper Ave 2019 1,916 0.58 mi

Listing Broker

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