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Starbucks
2767 North Pinal Avenue, Casa Grande, AZ 85122
$2,999,785
Cap Rate 4.65%
Summary
| 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...
...Features
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New construction
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Near major nationals
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Strategically located
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Top 100 MSA
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New development zone
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Brand new lease
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Favorable NN+ lease
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Traded and rated company
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Corporate Guarantee
-
Investment grade tenant
...
Maps
Tenant
- 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...
...
Demographics
| 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 |
Traffic
| 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 |
