Starbucks | New 10yr Corp Lse | 2024 Constrc
2,400 SF | Retail Building | Tucson, AZ 85719 | $4,620,000 ($1,925/SF) | 5% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,620,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,400 SF
- Price / Square Foot
- $1,925
Listing Contacts
Pat Kent
Verified Profile
Parker Walter
Verified Profile
Ed Beeh
Verified Profile
- Property Info
Property Overview
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly constructed, investment grade (S&P: BBB+), corporate guaranteed (NYSE: SBUX) Starbucks investment property located in Tucson, Arizona. The tenant, Starbucks Corporation, recently signed a new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease has minimal landlord responsibilities making it an ideal, limited-management investment opportunity for a passive investor.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 45,738 SF
Highlights
- Brand New 10-Year Deal | New Construction | Drive-Thru Equipped |Investment Grade Tenant
- Fee Simple Ownership | Low Management Investment
- Close Proximity To University of Arizona | University Medical Center
- Strong Demographics In 5-Mile Trade Area
Nearby Properties
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