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1881 Kiowa Boulevard N - Starbucks, Lake Havasu City, AZ

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1881 Kiowa Boulevard N - Starbucks

Lake Havasu City, AZ 86403-2849

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2017
Building Size:3,000 SF Land Area:.92 AC (40,075 SF)
For Sale Price:$2,625,000 Price/SF:$875.00
Cap Rate:4.20 %

Sale Notes:
NEW CONSTRUCTION! We are pleased to offer to purchase a newly developed, single tenant asset that is 100% leased to Starbucks on a new 10 year fixed term. The building is approximately 3,000 square feet, plus over 750 SF of patio, and is positioned on approximately 0.92 acres of land; the building is Starbucks' new Super Store prototype and comes with all warranties in place, including roof and structure. The lease contains 4 - 5 year option periods. There are 10% rental increases every 5 years, including the option periods, presenting a strong inflation hedge to an investor.This is an excellent opportunity to purchase a newly developed drive-thru Starbucks with strong site fundamentals, fixed rental increases, a long term lease (with no kickout options), and investment grade credit.

Colliers International
John Barnes
(602) 222-5042

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