For Sale
$3,663,158

525 99Th Ave Tolleson, AZ 85353

Arizona Retail Property - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fee-simple, single-tenant Starbucks located at 525 N. 99th Ave, Tolleson, AZ 85353. The 2,400 square-foot building, constructed in 2024, sits on a 1.25-acre lot and boasts a prominent location on a signalized intersection, just south of the I-10 and Loop 101 freeways, ensuring high visibility and accessibility. The property benefits from a 10-year net lease with a corporate guarantee from Starbucks, providing exceptional security and stability. The lease includes 10% rent bumps every five years and four five-year renewal options, further enhancing long-term value. The property's net operating income (NOI) is $174,000, resulting in a compelling 4.75% cap rate. Landlord responsibilities are limited to roof, structural components, landscaping, and parking lot maintenance

Highlights

  • Fee-simple, single-tenant Starbucks with a new 10-year corporate-guaranteed net lease, plus four 5-year options.
  • High-visibility location on a signalized intersection, south of I-10 and Loop 101 freeways.
  • Strong tenant base with major employers nearby, including Trane, Quaker, PepsiCo, and Amazon.
  • Minimal landlord responsibilities limited to roof, structure, landscaping, and parking lot.
  • Ample lighted parking.

Property Details for 525 99Th Ave

Property type
Retail properties, Restaurants
Square Feet
2,400 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
54,450 SF

Location Insight

City
Tolleson
County
Maricopa
State
Arizona
Latitude
33.4527262
Longitude
-112.2725164

FAQs

What type of property is this?
Retail property - Arizona Retail Property - High ROI
Where is the retail property located?
The property is located at 525 99Th Ave Tolleson, AZ.
What is the asking price?
The asking price for this property is $3,663,158.
What are key features of this property?
This property features: Fee-simple, single-tenant Starbucks with a new 10-year corporate-guaranteed net lease, plus four 5-year options.; High-visibility location on a signalized intersection, south of I-10 and Loop 101 freeways.; Strong tenant base with major employers nearby, including Trane, Quaker, PepsiCo, and Amazon.
How can I contact the broker?
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525 99Th Ave
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