For Sale
$3,641,000

1207 91St Ave Tolleson, AZ 85353

Brand-new, corporate-guaranteed Starbucks.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Starbucks building in Tolleson, Arizona. The property boasts a rare 15-year corporate-guaranteed net lease with a prominent location along Interstate 10, benefiting from high visibility and significant daily traffic volume exceeding 240,000 vehicles. The 1,470 square foot building, constructed in 2024, includes a drive-thru and patio, maximizing operational efficiency and customer convenience. Situated on a 0.75-acre lot at 1207 N 91st Ave, Tolleson, AZ 85353 (APN 102-47-092), this property offers excellent access and visibility from 91st Avenue, with approximately 22,844 vehicles passing daily. The property benefits from a strong demographic profile, with over 345,000 residents and nearly 76,000 employees within a 5-mile radius, boasting an average household income exceeding $89,000. The strategic location is less than one mile from the Loop 101 and I-10 interchange, further enhancing accessibility. The asking price is $3,641,000, representing a 5.15% cap rate and a price per square foot of $2,476.87. The property generates a net operating income (NOI) of $187,500. This investment is further strengthened by Starbucks' robust financial performance and expansion plans, with the company operating over 38,500 stores globally and planning to expand to 55,000 by 2030. Rent bumps are included in the lease agreement. This is a truly exceptional opportunity to acquire a high-performing, investment-grade asset with a long-term, secure lease.

Highlights

  • NOW OPEN!
  • 15-year corporate guaranteed net lease; limited landlord responsibilities.
  • New freestanding Starbucks with patio and drive-thru.
  • High-traffic location on I-10 (240,000+ VPD) with freeway signage.
  • Excellent visibility and access from 91st Avenue (22,844 VPD).
  • Starbucks aggressively expanding (816 new stores Q4 2023, targeting 55,000 globally by 2030).

Property Details for 1207 91St Ave

Property type
Retail properties, Restaurants
Square Feet
1,470 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Tolleson
County
Maricopa
State
Arizona
Latitude
33.4605838
Longitude
-112.2545792

FAQs

What type of property is this?
Retail property - Brand-new, corporate-guaranteed Starbucks.
Where is the retail property located?
The property is located at 1207 91St Ave Tolleson, AZ.
What is the asking price?
The asking price for this property is $3,641,000.
What are key features of this property?
This property features: NOW OPEN!; 15-year corporate guaranteed net lease; limited landlord responsibilities.; New freestanding Starbucks with patio and drive-thru.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1207 91St Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message