Listed by Hanley Investment Group
$4,260,000
Starbucks | Phoenix, AZ
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,586
Net Rentable (SqFt) 4,586
Tenancy Single
Brand/Tenant Starbucks
Lease Type NNN
Lease Expiration 02/29/2036
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Increases
Year Built 2003
Acreage 1.250
Lease Commencement 11/02/2025
Ground Lease No
New 10-Year Lease | Only Starbucks Drive-Thru Within a 4.5-Mile Radius
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/SB_Phoenix
Investment highlights
- Single-Tenant Corporate Starbucks Drive-Thru and Cafe (NASDAQ: SBUX; S&P: BBB+):
- New 10-year lease; 10% rent increase every 5 years
- Four 5-year options at 10% increases
- One of the “World’s Most Admired Companies” by Fortune (2009-2025)
- Largest coffeehouse chain globally with approximately 40,000± stores in 84 countries
- Starbucks recently announced plans to bring its massive store count to 55,000 by 2030
- Only Starbucks Drive-Thru in a 4.5-Mile Radius
- Very Strong Performing Store: One of the top busiest locations in the district of approx. 30 locations (contact listing agent for further details)
- Long-Term Replaceable and Sustainable Rent: Current rent is a market rent that was previously paid by the former tenant that occupied the building and highly sustainable for the future (contact listing agent for further details)
- 2025 Remodel; New Strategic “Back to Starbucks” Prototype with Drive-Thru:
- Starbucks strategically targeted occupying the subject property’s 4,586 square foot building as part of Starbucks CEO Brian Niccol’s “Back to Starbucks” plan, which is about reinforcing the brand’s core values and bettering the guest and employee experience through the redesigned interiors creating an improved sit-down coffeehouse for the surrounding community
- Interior remodel includes cozier, expanded seating options catering to work, socialization, and relaxation as well as an improved ambiance to make stores feel more inviting and community-oriented
- Prime Location within the Ahwatukee Foothills:
- Ahwatukee Foothills was ranked “#1 in 2025 Best Neighborhoods to Live in Phoenix” by Niche.com
- High barrier to entry due to community association restrictions
- Situated at the Hard-Corner Signalized Intersection of East Chandler Boulevard and S Desert Foothills Parkway (42,850 CPD)
- Extremely Affluent Demographics; $206,000 AHHI within 1-Mile Radius
- Phoenix MSA (5.2 Million People): 5th Fastest-Growing Major Cities in the United States (U.S. Census Bureau)
Listing Contacts
Listed by Hanley Investment Group
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