Starbucks

1589 Main St, San Luis, AZ 85349

$2,950,000

Cap Rate 5.00%

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Updated: 09.17.25 Posted: 09.17.25 Status: Active 09.17.25

Summary

Price $2,950,000	Built/Renov 2022	Tenant Starbucks
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,403	Lease Start 09-01-2022	#Units 38,038
Price/SF $1,227.63	Expiration 08-31-2032	Tenant Type Fast Food/QSR
NOI $147,500	R. Term 6.11	Ownership Fee Simple
Rent/SF $61.38	Increases 10.0%/6/yrs	Pop 5Mi 27,175
Lot/AC 0.81	Options 4/5yrs/10%	AHHI 5Mi $50,647

Christopher DePierro

Faris Lee Investments

Contact

Highlights

Newly constructed 2,403 SF Starbucks drive-thru on 0.81-acre lot with 32 parking spaces
Brand new 10-year NNN lease commenced September 2022 with four 5-year renewal options
Lease guaranteed by Starbucks Corporation (NYSE: SBUX, S&P: BBB+) with over 30,000 global locations
Rental income of $147,500 annually with 10% rent increases every five years
Offered at $2,950,000 with an initial 5.00% cap rate
Positioned at hard corner of N. Main St. and E. County 22nd St. with 16,744 VPD traffic
Only Starbucks drive-thru within 50,000 population trade area, ensuring limited competition
Five-mile trade area includes 27,175 residents with an average household income of $50,647

Location Description

Starbucks at 1589 N. Main St. is strategically located along N. Main Street in San Luis, Arizona, with access to a daily traffic count of approximately 16,744 vehicles. The site is surrounded by major national retailers including Super Walmart, Dollar Tree, Goodwill, etc, driving consistent consumer traffic to the area. The property is located near several schools, residential communities, and...

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Key Features

New construction
Hard corner intersection
Major thoroughfare
Near major nationals
Business growth area
New development zone
Brand new lease
Strong sales history
Traded and rated company
Corporate Guarantee

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Links

Starbucks Wikipedia Starbucks Wikipedia San Luis, AZ Zip Code 85349 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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