For Sale
$4,081,633

3100 Speedway Blvd Tucson, AZ 85716

Tucson, AZ: Prime Retail Location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, fee-simple Starbucks located at 3100 E Speedway Blvd, Tucson, AZ 85716. The 1,656 square foot building, constructed in 2024, sits on a nearly one-acre lot and boasts a hard corner location with exceptional visibility on a major thoroughfare experiencing nearly 80,000 cars daily. The property benefits from a 10-year net lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), including 5-year renewal options with 10% rent increases. The strong NOI of $200,000 yields a 4.90% cap rate, and the asking price is $4,081,633 ($2,464.75/sq ft). This prime retail location enjoys immediate proximity to the University of Arizona, providing a substantial built-in customer base of over 50,000 students. The surrounding area features a dense population (15,000+ within 1 mile, 135,000+ within 3 miles, and 275,000+ within 5 miles), further supporting the property's strong fundamentals. The building incorporates Starbucks' newest "premium" prototype design, reflecting a significant tenant capital contribution. The property's location near Banner University Medical Center, a major employment generator, adds to its long-term investment potential. The occupancy date is August 1, 2024. This is a low-management, high-return investment opportunity with a secure, long-term lease from a globally recognized brand.

Highlights

  • 10-year net lease with 10% rent increases every 5 years, including renewal options; corporate guarantee from Starbucks.
  • Fee-simple ownership with limited landlord responsibilities.
  • Corporate guarantee from Starbucks (NASDAQ: SBUX), a Fortune 500 company with an investment-grade credit rating.
  • Hard corner location on a nearly one-acre lot on Speedway Blvd, a high-traffic thoroughfare with nearly 80,000 cars daily.
  • Less than two miles from the University of Arizona, providing a large student customer base.
  • Strong demographics: 15,000+ residents within one mile, 135,000+ within three miles, and 275,000+ within five miles; proximity to Banner University Medical Center.

Property Details for 3100 Speedway Blvd

Property type
Retail properties
Square Feet
1,656 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
42,689 SF

Location Insight

City
Tucson
County
Pima
State
Arizona
Latitude
32.2356623
Longitude
-110.926479

FAQs

What type of property is this?
Retail property - Tucson, AZ: Prime Retail Location
Where is the retail property located?
The property is located at 3100 Speedway Blvd Tucson, AZ.
What is the asking price?
The asking price for this property is $4,081,633.
What are key features of this property?
This property features: 10-year net lease with 10% rent increases every 5 years, including renewal options; corporate guarantee from Starbucks.; Fee-simple ownership with limited landlord responsibilities.; Corporate guarantee from Starbucks (NASDAQ: SBUX), a Fortune 500 company with an investment-grade credit rating.
How can I contact the broker?
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3100 Speedway Blvd
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