3100 Speedway BlvdTucson, AZ 85716

Property Details for 3100 Speedway Blvd

Year built

1998

Construction

FRAME

Lot size

0.45 AC

Property size (Sq ft)

5,304 SF

Property type

Turn key restaurants

APN

125-10-052A

APU

12510052A

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,060,980

  6.5%

  $979,365

  7%

  $909,411

• Comparable approach

  Method

  Valuation

  Relative Method

  $917,889

  Geo Method

  $917,889

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,921,340

  Mixed-Use / Specialty

  $971,234

  Hospitality / Lodging

  $706,522

  Office

  $960,630

  Institutional / Educational

  $1,008,030

  Residential Income

  $1,179,400

  Multifamily

  $1,440,230

  Automotive / Energy

  $864,028

  Parking / Income-Based Land

  $302,750

  Restaurant / Food Service

  $495,243

  Healthcare / Senior Housing

  $1,000,740

Location Insight

City

Tucson

County

Pima

State

Arizona

Latitude

32.2357

Longitude

-110.926

CBSA code

46060

CBSA name

TUCSON, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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