0 Sec Bell Rd & Citrus RdSurprise, AZ 85374

Property Details for 0 Sec Bell Rd & Citrus Rd

Year built

2024

Lot size

0.86 AC

Property size (Sq ft)

2,400 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2024-built Starbucks in Surprise, Arizona. Located on the hard corner of Bell Road and Citrus Road, this 2,400 square foot, single-story building boasts a double drive-thru, maximizing efficiency and customer convenience. The property sits on a 0.86-acre lot (APN 50284945) within a major retail corridor featuring numerous national retailers and benefits from high visibility due to its location on a highly trafficked intersection with nearly 33,000 vehicles per day. The 10-year corporate lease with Starbucks, commencing January 27, 2025, and expiring January 31, 2035, includes four (4) five (5) year renewal options, providing long-term stability and predictable cash flow. The property offers a strong 5.25% cap rate and a current Net Operating Income (NOI) of $156,000. The tenant is backed by a corporate guarantee, ensuring minimal risk. Surprise, Arizona's robust growth, projected to reach approximately 215,000 residents and 60,000 local jobs by 2030, further enhances the investment potential. Nearby amenities include schools, Surprise Stadium, a golf club, and a recreational center, contributing to high foot and vehicle traffic. This is a turnkey investment with exceptional growth potential. The asking price is $2,971,000. 100% occupancy.

Location Insight

City

Surprise

County

Maricopa

State

Arizona

Latitude

33.6386

Longitude

-112.394

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