20216 N 27th Ave - Fast Food FOR SALE


Phoenix, AZ 85027- Deer Valley
$2,500,000 USD
702-215-7153
20216 N 27th Ave, Phoenix, AZ for Sale
$2,500,000 USD
Fast Food - FOR SALE
1/4
null | 4.93% Cap Rate

20216 N 27th Ave
Phoenix, AZ 85027
Deer Valley


HIGHLIGHTS

  • Strategically located on N 27th Avenue, which provides direct access to Arizona State Route 101 (Loop 101) and Interstate 17.
  • In 2021 Starbucks elected to extend the lease early to reflect an expiration date of 2036, clearly showing long term commitment to the site.
  • Oversize parcel for Starbucks at 0.91 acres.
  • Newer Starbucks prototype constructed in 2015.
  • A demographically robust catchment area with growing population and over-average incomes.

OVERVIEW

Strategically located on N 27th Avenue, which provides direct access to Arizona State Route 101 (Loop 101) and Interstate 17, the subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, a local trade area that provides demand and synergy, population growth, and limited quick service restaurant competition. Loop 101 encompasses much of the Phoenix MSA, connecting Phoenix to Tolleson, Glendale, Peoria, Scottsdale, Mesa, Tempe, and Chandler. In addition, the subject property is surrounded by multiple educational facilities (Barry Goldwater High School: ± 1,745 students & Deer Valley Middle ±594 students), corporate office campuses (Albertsons/Safeway, Best Western, American Express, PetSmart & Honeywell), hospitals (HonorHealth Deer Valley Medical Center), and shopping centers (Deer Valley Towne Center) within a one mile radius, which provide a great driver of consumer traffic for the Starbucks business model. This Starbucks property features a drive-thru window, an interior dining room with seating, outdoor patio with seating, ample parking, and was constructed in 2015 to reflect one of the most recent Starbucks prototype stores. Starbucks has extended their lease early giving the landlord approximately 11 years remaining of stable rent.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,429 USD /SF

CAP RATE

4.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C-C

APN/PARCEL ID

206-08-378

ASK ABOUT THIS PROPERTY

Ray GermainMarcus & MillichapMore Info
702-215-7153

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Ray GermainMarcus & MillichapMore Info
702-215-7153

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