Starbucks | Opportunity Zone | Wickenburg, Arizona
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
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