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31674185
31674187

515 E Wickenburg Way, Wickenburg, AZ 85390

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona
$2,250,000
56 days on market
Updated 36 days ago
Opportunity zone

Starbucks | Opportunity Zone | Wickenburg, Arizona

Details
APN 505-26-009
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 3,000
Cap Rate 6.00%
NOI $135,000
Tenancy Single
Brand/Tenant Starbucks
Lease Type Net
Lease Term 10.1
Lease Expiration 08/31/2033
Remaining Term 7.2
Rent Bumps Yes
Lease Options Four (4) five (5) year options
Price per SqFt $750
Year Built 1989
Year Renovated 2023
Acreage 1.400
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/04/2023
Ground Lease No

Retail | 6.00% CAP | 3,000 SqFt

Marketing description

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s largest coffeehouse chain and one of the most recognized consumer brands globally. The property is secured by a corporate guarantee from Starbucks Corporation and features a net lease structure with minimal landlord responsibilities, providing investors with a durable and passive income stream backed by a proven national operator. The lease commenced in August 2023 and includes attractive 10% rental increases every five years throughout the primary term and option periods, creating built-in income growth over the hold period.

Founded in 1971 in Seattle’s Pike Place Market, Starbucks has grown into a global retail platform with 40,990 stores worldwide as of fiscal year-end 2025 and generated approximately $37.18 billion in total net revenues during fiscal 2025. Starbucks’ scale, brand equity, and longstanding market presence continue to position the company as a dominant force within the quick-service coffee segment and a highly desirable net lease tenant for private and institutional investors alike.

The subject property is strategically located along Wickenburg Way/US-60, one of the community’s primary commercial corridors, and benefits from strong visibility, direct frontage, and convenient drive-thru access. Situated on approximately 1.40 acres and improved with a ±3,000-square-foot building renovated in 2023, the asset represents a larger-format Starbucks prototype in a gateway location serving both local traffic and travelers along the US-60 Highway. The property is further enhanced by Starbucks’ reported investment of more than $3,000,000 in tenant improvements, underscoring the company’s long-term commitment to the site.

With an opportunity zone location and strong household incomes within the surrounding trade area, the asset offers investors a compelling combination of high-quality real estate, corporate-backed tenancy, and long-term income stability.

Investment highlights

INVESTMENT HIGHLIGHTS

• 10% rent increase every 5 years

• Corporate guaranty

• Below market rents

• Located in an opportunity zone

• Starbucks invested $3,000,000+ in tenant improvements

TENANT HIGHLIGHTS

• World’s largest coffeehouse chain

• ±40,000 stores in 88 countries, ±16,800 in the U.S.

• Starbucks net revenue reached 37.2 billion U.S. dollars in 2025

• Drive-thru location

• SBUX market cap of $110.18B

PROPERTY HIGHLIGHTS

• Excellent location along the US-60 Highway (24,331 VPD)

• ±1.40 acre lot with frontage on major Wickenburg thoroughfare

• Larger format location with drive-thru

• Strong average household incomes over $109,000 in a 5-mile radius

Listing Contacts

CH
AZ SA584876000
Cushman & Wakefield - Phoenix, Arizona
SC
AZ SA673156000
Cushman & Wakefield - Phoenix, Arizona
Listed by Cushman & Wakefield - Phoenix, Arizona

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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Additional Information

Name
Chris Hollenbeck
License
SA584876000
Brokerage
Cushman & Wakefield
Name
Shane Carter
License
SA673156000
Brokerage
Cushman & Wakefield
Brokerage Phone
(602) 224-4442
Title
Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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