3120 Central Ave, Phoenix, AZ 85012
2,458 SF | Retail Building | Phoenix, AZ 85012 | $2,809,142 ($1,143/SF) | 5.25% Cap Rate
For Sale
Active
12 pictures
Asking Price $2,809,142
- Property Type
-
Retail
- Square Feet
- 2,458 SF
- Price / Square Foot
- $1,143
Listing Contacts
Chris Hollenbeck
Shane Carter
- Property Info
Property Overview
INVESTMENT HIGHLIGHTS
• Initial new 10 year lease term
• 10% rent increase every 5 years
• Brand new construction
• Corporate lease
• Located in front of a diverse mixed-use campus
TENANT HIGHLIGHTS
• World’s largest coffeehouse chain.
• ±38,000 stores in 84 countries, 15,873 in the U.S.
• Starbucks net revenue reached 36 billion U.S. dollars in 2023
• Drive thru location
• SBUX market cap of $103.12B
PROPERTY HIGHLIGHTS
• Rare dense urban drive thru location
• Located in densely populated area of central Phoenix with a population of over 422,000 within a 5 mile radius
• Adjacent to Park Central mixed-use redevelopment project (±650,000 SF)
• Located along Central Avenue, a major thoroughfare through Phoenix (±25,646 VPD)
• 207 room Hilton duel-branded Hotel adjacent to site. Estimated opening 10/2024
• ±42,000 SF EOS Fitness anchor located within Park Central
• Walking distance to two lightrail stops
• Situated adjacent to Creighton University Health Sciences Campus with ±900 students
• Initial new 10 year lease term
• 10% rent increase every 5 years
• Brand new construction
• Corporate lease
• Located in front of a diverse mixed-use campus
TENANT HIGHLIGHTS
• World’s largest coffeehouse chain.
• ±38,000 stores in 84 countries, 15,873 in the U.S.
• Starbucks net revenue reached 36 billion U.S. dollars in 2023
• Drive thru location
• SBUX market cap of $103.12B
PROPERTY HIGHLIGHTS
• Rare dense urban drive thru location
• Located in densely populated area of central Phoenix with a population of over 422,000 within a 5 mile radius
• Adjacent to Park Central mixed-use redevelopment project (±650,000 SF)
• Located along Central Avenue, a major thoroughfare through Phoenix (±25,646 VPD)
• 207 room Hilton duel-branded Hotel adjacent to site. Estimated opening 10/2024
• ±42,000 SF EOS Fitness anchor located within Park Central
• Walking distance to two lightrail stops
• Situated adjacent to Creighton University Health Sciences Campus with ±900 students
Property Details
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Storefront
Highlights
- Initial new 10 year lease term
- 10% rent increase every 5 years
- Brand new construction
- Corporate lease
- Located in front of a diverse mixed-use campus
- Rare dense urban drive thru location
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