For Sale
$2,995,000

3605 Hunt Hwy Florence, AZ 85132

Arizona Starbucks Drive-Thru, $2.995M

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 10-year corporate-guaranteed net lease for a Starbucks drive-thru in Florence, Arizona. The 2,158 square foot building, constructed in 2024, sits on a sizable 1.72-acre lot and boasts a 5.30% cap rate with a $159,000 NOI. Located at 3605 N Hunt Hwy, 85132, this single-tenant property benefits from its position as the only drive-thru Starbucks within a 10-mile radius, serving a rapidly growing area. The property is an outparcel to the Anthem Marketplace, a thriving neighborhood center anchored by a high-performing Safeway and other national tenants including McDonald's, Wells Fargo, and AutoZone. The site's strategic location along Hunt Highway, a major artery connecting Florence to Phoenix and Tucson, ensures high visibility and accessibility. Significant residential growth, including four new housing developments totaling approximately 26,600 homes, further strengthens the investment potential. Rent bumps are included in the lease agreement. The property's size offers future expansion possibilities. This is a rare opportunity to acquire a high-performing, investment-grade asset with a strong tenant and significant growth potential. The property's APN is 211-02-1090. Average household income within a one-mile radius exceeds $116,000.

Highlights

  • NOW OPEN!
  • Brand new, 2024 construction, 2,158 SF Starbucks drive-thru with a 10-year corporate guaranteed net lease.
  • Outparcel to Anthem Marketplace, anchored by Safeway and other national retailers.
  • Only drive-thru Starbucks within a 10-mile radius.
  • 1.72-acre lot offering future expansion potential.
  • High-visibility location on Hunt Highway, a major artery connecting Florence to Phoenix and Tucson.

Property Details for 3605 Hunt Hwy

Property type
Retail properties, Restaurants
Square Feet
2,158 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
74,923 SF

Location Insight

City
Florence
County
Pinal
State
Arizona
Latitude
33.06487203
Longitude
-111.48604363

FAQs

What type of property is this?
Retail property - Arizona Starbucks Drive-Thru, $2.995M
Where is the retail property located?
The property is located at 3605 Hunt Hwy Florence, AZ.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: NOW OPEN!; Brand new, 2024 construction, 2,158 SF Starbucks drive-thru with a 10-year corporate guaranteed net lease.; Outparcel to Anthem Marketplace, anchored by Safeway and other national retailers.
How can I contact the broker?
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3605 Hunt Hwy
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