Starbucks Dive-Thru
2,236 SF | Retail Building | Tucson, AZ 85730 | $2,735,000 ($1,223/SF) | 5.30% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,735,000
- Property Type
-
Retail
- Square Feet
- 2,236 SF
- Price / Square Foot
- $1,223
Listing Contacts
Ben Farthing
Verified Profile
Joseph Compagno
Verified Profile
Owen Littrell
Verified Profile
- Property Info
Property Overview
- Single-tenant Starbucks investment opportunity, offering a brand- 5.30% new 10-year lease with four (4), five (5) year option periods. The rent increases at year 6 by 10% in the initial term with rare 12.5% rental increases at each option period.
- Starbucks has an investment-grade S&P credit rating of BBB+ and operates more than 38,900 stores globally (Source: Starbucks.com).
- The Property is located at the heavily traveled intersection of S Kolb Rd and E Golf Links Rd with ±75,178 VPD (Source: ADOT, 2023).
- The Property is located as an outparcel to a Fry’s (Kroger) grocery anchored shopping center and across the street from a Walmart Neighborhood Market. Other nearby retailers include Safeway, Walgreens, Wells Fargo, Verizon, Discount Tire, and more.
- Located less than 5 minutes south of the Property is the Davis-Monthan Air Force Base, employing over 46,000 men and women and contributing over $2.6 billion to the local economy annually (Source: dm.af.mil).
- Pima Community College – East Campus (±15,544 students) is located approximately 8 minutes from the Property.
- The Property is located within 5 miles of several high schools with over 5,000 combined students.
- Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses
located in the Southern Arizona corridor.
- Starbucks has an investment-grade S&P credit rating of BBB+ and operates more than 38,900 stores globally (Source: Starbucks.com).
- The Property is located at the heavily traveled intersection of S Kolb Rd and E Golf Links Rd with ±75,178 VPD (Source: ADOT, 2023).
- The Property is located as an outparcel to a Fry’s (Kroger) grocery anchored shopping center and across the street from a Walmart Neighborhood Market. Other nearby retailers include Safeway, Walgreens, Wells Fargo, Verizon, Discount Tire, and more.
- Located less than 5 minutes south of the Property is the Davis-Monthan Air Force Base, employing over 46,000 men and women and contributing over $2.6 billion to the local economy annually (Source: dm.af.mil).
- Pima Community College – East Campus (±15,544 students) is located approximately 8 minutes from the Property.
- The Property is located within 5 miles of several high schools with over 5,000 combined students.
- Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses
located in the Southern Arizona corridor.
Property Details
- Class
- C
- Year Built
- 1979
- Stories
- 1
- Lot Size (sq. ft)
- 538,402 SF
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