10650 McDowell rd - Retail FOR SALE


Avondale, AZ 85392
$3,371,700 USD
602-687-6766
10650 McDowell rd, Avondale, AZ for Sale
$3,371,700 USD
Retail - FOR SALE
1/5
null | 5.26% Cap Rate

10650 McDowell rd
Avondale, AZ 85392


HIGHLIGHTS

  • Brand New 15-Year Absolute Triple-Net (NNN) Lease
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 285,676 Residents within a 5-Mile Radius
  • Better Buzz Coffee is an Established San Diego-Based Coffee Brand that is Expanding Into the Phoenix Market
  • Corner Location Visible to 72,120 Cars per Day at W McDowell Road and N 107th Ave
  • Located 15 Minutes from Phoenix Sky Harbor International Airport and Arizona State University (Nearly 55,000 Students Enrolled)

OVERVIEW

Better Buzz Coffee Company is a San Diego-based coffee brand. With roughly 20 locations throughout the San Diego area, the company has recently expanded into the Phoenix market, opening its first Arizona location in February 2024 with plans to open more locations in Tempe, Surprise, Scottsdale, and Queen Creek this year. Avondale is a city in Arizona's Maricopa County, a suburb of Phoenix. As of the 2020 U.S. Census, the city is home to over 89,000 residents. Avondale is home to Phoenix Raceway (which hosts two NASCAR race weekends annually), the Avondale Friendship Park, and a historic corridor featuring local shops and restaurants. The city is also home to a growing economy, fueled by its key economic sectors: healthcare, technology, manufacturing and logistics, and retail and entertainment.

FOR SALE DETAILS

PRICE

$3,371,700 USD

PRICE/SF

$1,873 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Better Buzz Coffee Drive-Thru - 15 Yr Abs NNN

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,935 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.