810 E Union Hills Dr - Fast Food FOR SALE


Phoenix, AZ 85024
$2,879,000 USD
810 E Union Hills Dr, Phoenix, AZ for Sale
$2,879,000 USD
Fast Food - FOR SALE
1/10
null | 5.35% Cap Rate

810 E Union Hills Dr
Phoenix, AZ 85024


HIGHLIGHTS

  • Brand new 10-year NN* lease to Starbucks Corporation with attractive 10% rental escalations every 5 years!
  • Starbucks Corporation (NASDAQ: SBUX | S&P BBB+ Credit Rating | Moody’s Baa1 Rating) operated over 38,000 locations worldwide
  • Brand new, build-to-suit construction to Starbucks newest prototype - slated to open September 2024 (est.)
  • Property features drive-thru/walk-up concept with an impressive 21-car stack!
  • Positioned just off the hard corner (1 mile south of Loop 101 with 152,709 CPD) on a pad site to Goodwill Anchored Retail Center
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 286,638 | Average Household Income (1-MI): $114,176

OVERVIEW

(Building & Land) Fee Simple

FOR SALE DETAILS

PRICE

$2,879,000 USD

PRICE/SF

$3,309 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STARBUCKS (INFILL LOCATION) – PHOENIX, AZ

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Bank, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C

APN/PARCEL ID

213-25-001R

ASK ABOUT THIS PROPERTY

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