For Sale
$3,515,000

2130 Arizona Ave Chandler, AZ 85225

High-yield Starbucks NNN lease, strong demographics.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a brand-new, 2,689-square-foot Starbucks located at 2130 N Arizona Ave, Chandler, AZ 85225. The property boasts a fee-simple ownership structure encompassing both building and land, offering a secure and lucrative investment. A new 10-year absolute NNN lease with Starbucks Corporation (S&P BBB+, Moody's Baa1) is in place, featuring attractive 8% rent escalations every five years. Four additional five-year renewal options further enhance the long-term stability of this investment. The building, constructed in 2024, is a state-of-the-art design incorporating a double drive-thru capable of handling a 20-car stack, maximizing operational efficiency and customer convenience. This prime location on a major thoroughfare (AZ-87/N Arizona Ave) benefits from exceptional visibility and high traffic counts of 68,120 cars per day. The 0.87-acre lot is situated in a high-growth area with a strong demographic profile: a 5-mile radius population of 110,070 and a 1-mile average household income of $147,126. The property's current Net Operating Income (NOI) is $181,036, yielding a compelling 5.15% cap rate. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a globally recognized brand with a proven track record of success. The property is zoned C and offers significant long-term growth potential.

Highlights

  • Brand new 10-year Starbucks lease with 8% rent increases every 5 years.
  • Investment-grade tenant (S&P BBB+, Moody's Baa1) with global operations.
  • New build-to-suit Starbucks prototype; double drive-thru (20-car stack); estimated August 2024 opening.
  • High-visibility corner location on AZ-87/N Arizona Ave (68,120 CPD traffic count).
  • Strong demographics: 110,070 population within 5 miles; $147,126 average household income within 1 mile.

Property Details for 2130 Arizona Ave

Property type
Retail properties, Restaurants
Square Feet
2,689 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
37,897 SF
Units
1

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.3378429
Longitude
-111.8420933

FAQs

What type of property is this?
Retail property - High-yield Starbucks NNN lease, strong demographics.
Where is the retail property located?
The property is located at 2130 Arizona Ave Chandler, AZ.
What is the asking price?
The asking price for this property is $3,515,000.
What are key features of this property?
This property features: Brand new 10-year Starbucks lease with 8% rent increases every 5 years.; Investment-grade tenant (S&P BBB+, Moody's Baa1) with global operations.; New build-to-suit Starbucks prototype; double drive-thru (20-car stack); estimated August 2024 opening.
How can I contact the broker?
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2130 Arizona Ave
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