11860 Tangelo Pk pl - Fast Food FOR SALE


Marana, AZ 85653
$3,600,000 USD
949-698-1106
11860 Tangelo Pk pl, Marana, AZ for Sale
$3,600,000 USD
Fast Food - FOR SALE
1/8
null | 5.35% Cap Rate

11860 Tangelo Pk pl
Marana, AZ 85653


HIGHLIGHTS

  • New 10-Year Lease | 2025 Construction | Drive-Thru Equipped Investment Grade | Options To Extend | Scheduled Increases
  • Fee Simple Ownership | Low Management Investment
  • Near On/Off Ramps of I-10 (71,400 VPD) | Rapidly Growing Economy Extensive Commercial/Residential Development
  • Strong Demographics In 5-mile Trade Area | Tucson MSA

OVERVIEW

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an investment grade (S&P: BBB+), corporate guaranteed (NYSE: SBUX) Starbucks investment property located in Marana, Arizona (Tucson MSA). The tenant, Starbucks Corporation, recently signed a brand 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.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$1,532 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10-Yr Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

-

APN/PARCEL ID

215-01-0160

ASK ABOUT THIS PROPERTY

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

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Pat KentSRS National Net Lease GroupMore Info
949-698-1106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.