123 Phoenix Rd - Fast Food FOR SALE


Phoenix, OR 97535
$2,514,000 USD
480-221-4221
123 Phoenix Rd, Phoenix, OR for Sale
$2,514,000 USD
Fast Food - FOR SALE
1/5
null | 5.25% Cap Rate

123 Phoenix Rd
Phoenix, OR 97535


HIGHLIGHTS

  • Brand New 10-Year Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Home Depot (102,500+ SF) | Dense Retail Corridor

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Starbucks investment property located in Phoenix, Oregon. The tenant, Starbucks Corporation, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,514,000 USD

PRICE/SF

$1,161 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp Lse w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,915 SF

ZONING

C-1

APN/PARCEL ID

10009301

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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