loader
Join Free
DOM: 241 Updated: 03.27.24 Posted: 07.20.23 Status: Sold 03.18.24

Summary

Price $2,875,000 $2,989,690
Built/Renov 2023
Tenant Black Rock Coffee Bar
Cap Rate 5.04% 4.85%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,887
Lease Start 09-01-2023
#Units 120
Price/SF $1,523.58 $1,584.36
Expiration 08-31-2038
Tenant Type Fast Food/QSR
NOI $145,000
R. Term 13.3
Ownership Fee Simple
Rent/SF $76.84
Increases 10.0%/5/yrs
Pop 5Mi 111,569
Lot/AC 0.80
Options 4/5yrs/10%
AHHI 5Mi $111,384

Lease Highlights

  • Brand new 2023 construction
  • Black Rock Coffee Bar recently signed a brand new 15-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
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Black Store Operations LLC

Location Description

This newly constructed 1,887 square foot Black Rock Coffee Bar is strategically located along West Yuma Road. The site is positioned as an outparcel to a Esporta Fitness anchored shopping center with neighboring tenants including Salad and Go, Brake Masters Discount Tire, Federico’s Mexican Food and others. Additional national/credit tenants in the area include Target, PetSmart, Dollar Tree,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Black Rock Coffee Bar
  • Guarantor:Corporate
  • Company:Black Store Operations LLC
  • # Units:120
  • Stock:Private

About Tenant

Black Store Operations LLC, dba Black Rock Coffee Bar is one of the largest privately owned coffee companies. Founded in 2007 in Portland Oregon, the company is known for its premium roasted...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,101 73,932 131,356
2023 Total Population : 12,165 61,749 115,619
2023 Employed Civilian Pop : 5,591 28,508 51,477
2023 Total Businesses : 97 508 1,807
2023 Average Household Income : $ 121,936 $ 117,919 $ 118,218
2023 Total Consumer Spending : $ 387 M $ 1935 M $ 3896 M
2023 Median Age : 33 35 36
2023 Total Households : 3,676 18,973 38,184
2023 Pop Age 25+: Bachelor's Degree : 1,201 7,842 14,828
2023 Average Home Value : $ 373,043 $ 402,697 $ 427,665
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Yuma Rd S 173rd Ave 2014 5,705 0.14 mi
W Yuma Rd Canyon Trails Blvd 2008 5,958 0.35 mi
West Yuma Road S 175th Dr 2018 4,321 0.41 mi
S Cotton Ln W Pima St 2008 3,505 0.41 mi
South Cotton Lane W Pima St 2019 14,359 0.41 mi
S Cotton Ln W Lilac St 2008 7,350 0.43 mi
West Yuma Road W Maricopa St 2018 5,896 0.58 mi
W Yuma Rd S 177th Ave 2015 5,503 0.72 mi
S Cotton Ln W Lilac St 2015 8,800 0.80 mi
W Yuma Rd S 165th Ave 2008 7,358 0.80 mi

Listing Broker

Loading...
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

GET IN TOUCH

my activity