1207 91st Ave - Fast Food FOR SALE


Tolleson, AZ 85353
$3,505,000 USD
602-682-6052
1207 91st Ave, Tolleson, AZ for Sale
$3,505,000 USD
Fast Food - FOR SALE
1/6
null | 5.35% Cap Rate

1207 91st Ave
Tolleson, AZ 85353


HIGHLIGHTS

  • New 15-Year Lease | Corporate Guaranty | 2024 Construction | Options To Extend | Scheduled Increases
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Direct Access Via I-10 (273,000 VPD) | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area | Phoenix MSA

OVERVIEW

• The tenant, Starbucks Corporation, recently signed a new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every 5-years during the initial term and at the beginning of each option period, hedging against inflation • The site has 2024 construction with the brands new modern store design

FOR SALE DETAILS

PRICE

$3,505,000 USD

PRICE/SF

$2,384 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 15yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

C-2

APN/PARCEL ID

102-47-091

ASK ABOUT THIS PROPERTY

Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

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Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

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