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4633 E Shea Boulevard - Starbucks Ground Lease, Phoenix, AZ

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4633 E Shea Boulevard - Starbucks Ground Lease

Phoenix, AZ 85028 - Paradise Valley Submarket

Property Type:Land Parcel Size:.32 Acres
For Sale Price:$1,406,250 Price/Acre:$4,375,389 Price/SF:$100.45

Proposed Use:Commercial

On-Site Improv:Asphalt paved lot

Sale Notes:
Starbucks is located at 4633 E. Shea Blvd in Phoenix, Arizona. The subject is an approximate 760-square-foot single tenant building on +/- 14,000-square-feet of land. There are
19+ years and 4, 5 year options remaining on the triple-net (NNN) ground lease. The lease provides for 12.5 percent rental increases every five years. With over 22,500 stores in 67
countries, Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world.
The subject property is visible to over 41,470 cars per day from E. Shea Blvd. and sits just west of N. Tatum Blvd, a connecting thoroughfare with 32,100 cars per day. Starbucks
is ideally situated within a densely populated residential area with over 210,660 residents and 88,700 households within a 5-mile radius. The average household income exceeds
$119,000 within one mile of the property. The coffee shop is adjacent to Fry’s Marketplace and surrounded by numerous tenants, including Whole Foods, Trader Joe’s, Bank of
America, Bed Bath and Beyond, Albertson’s, Walgreens, Chase Bank and more. It is less than two miles from Paradise Valley Mall, a 1.145 million-square-foot super-regional mall
with over 130 tenants.

Marcus & Millichap Inc
Jamie Medress
(602) 687-6778

Chris Lind
(602) 687-6780

Mark Ruble
(602) 687-6766 x6766

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