11420 W Lower Buckeye Rd - Freestanding FOR SALE


Avondale, AZ 85323- Avondale Gateway
$3,886,111 USD
602-538-7155
11420 W Lower Buckeye Rd, Avondale, AZ for Sale
$3,886,111 USD
Freestanding - FOR SALE
1/6
null | 5.4% Cap Rate

11420 W Lower Buckeye Rd
Avondale, AZ 85323
Avondale Gateway


HIGHLIGHTS

  • Corporate Guaranty
  • New 2025 Construction
  • Long Term 12 Year Primary Lease
  • Attractive 10% rent increases every 5 years
  • ±40,000 stores in 88 countries, ±16,800 in the U.S.
  • High average household incomes with $109,115 in a 5 mile radius

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s largest coffeehouse chain and one of the most recognized consumer brands globally. The property is secured by a corporate guaranteed lease featuring a new 12-year primary term, providing investors with a stable and predictable income stream backed by an investment-grade tenant with a long operating history and proven resilience. The lease structure includes attractive 10% rental increases every five years, further enhancing long-term income growth. Founded in 1971, Starbucks has grown into a globally dominant coffee retailer, operating approximately 40,000 stores across 88 countries, including more than 16,800 locations in the United States. In fiscal year 2025, Starbucks generated approximately $37.2 billion in revenue, underscoring the brand’s scale and continued consumer demand. The company’s strong market capitalization of approximately $110 billion and its industry-leading drive-thru model reinforce its position as a best-in-class net lease tenant with consistent performance across economic cycles. The property is strategically located in Avondale, Arizona, within a rapidly expanding trade area in the West Phoenix metro. The site benefits from proximity to Interstate 10 (approximately 212,000 vehicles per day) and is positioned near the planned Loop 303 extension, enhancing future connectivity between Loop 303 and Loop 202. The surrounding area is supported by strong growth fundamentals, including more than 189,000 residents within a five-mile radius and average household incomes exceeding $109,000. Additionally, the property is located near Phoenix Raceway and is surrounded by significant planned development, including approximately 240 acres of commercial expansion anchored by grocery and retail uses, as well as more than 5,000 residential units planned within a two-mile radius. This offering represents an opportunity to acquire a newly constructed Starbucks investment with durable cash flow, contractual rent growth, and strong underlying real estate fundamentals in one of the fastest-growing corridors in the Phoenix metropolitan area.

FOR SALE DETAILS

PRICE

$3,886,111 USD

PRICE/SF

$1,718 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,549 SF

ZONING

-

APN/PARCEL ID

101-54-941

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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