Black Rock Coffee | 15-Year Absolute NNN Lease | New Const.
Black Rock Coffee | 5.15% CAP | New 15-Year Lease | Phoenix, AZ
Marketing description
Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Black Rock Coffee Bar located at the SEC of 32nd St and Baseline Rd, in Phoenix, AZ. The property was recently completed in 2025 and secured with an Absolute NNN lease featuring a 15-year term with no landlord responsibilities, a corporate guaranty, and a double drive-thru designed for high-volume service.
The site is positioned on Baseline Rd with ±59,112 VPD and is surrounded by established rooftops plus nearby residential activity, including Shadow Mountain Villas Condominiums (277 units) and The Raven Condominiums (161 units), with additional residential under construction. The property benefits from a dense consumer base with 510,542 people within 15 minutes and average household incomes of $113,838 (5 min) / $101,122 (10 min)—supporting daily coffee demand in a built-out, infill-style trade area with strong daytime drivers and established neighborhoods.
Investment highlights
• New, 15-year lease with a corporate guaranty from Black Rock Coffee (NASDAQ: BRCB)
• Absolute NNN with no Landlord responsibilities
• Brand new construction building with a double drive-thru
• The lease has scheduled rent increases - 10% every 5 years including each option period
• Black Rock Coffee has ±55 stores in Arizona and growing, along with their recent IPO in September of 2025 (NASDAQ: BRCB)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
