20265 John Wayne Pky - Retail FOR SALE


Maricopa, AZ 85139
$3,500,000 USD
602-687-6766
20265 John Wayne Pky, Maricopa, AZ for Sale
$3,500,000 USD
Retail - FOR SALE
1/6
null | 5% Cap Rate

20265 John Wayne Pky
Maricopa, AZ 85139


HIGHLIGHTS

  • New 15-Year Absolute Triple-Net (NNN) Lease with Black Rock Coffee (NASDAQ: BRCB)
  • Black Rock Coffee is One of the Fastest-Growing Beverage Companies in the U.S. and Operates 50+ Locations in Arizona
  • Black Rock Coffee Operates ±200 Locations Across 7 States, with an Aggressive National Expansion Plan to Reach 1,000 Stores by 2035
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Households and Population Expected to Increase Over 9% in the Surrounding Area in the Next 5 Years
  • Excellent Frontage Along North John Wayne Parkway (±47,765 Cars per Day), Maricopa's Primary Thoroughfare Providing Direct Access to the I-10 Freeway

OVERVIEW

Based in Portland, Oregon, Black Rock Coffee Bar (NASDAQ: BRCB) is a contemporary coffee chain with locations throughout the West Coast. Through their employee franchise program, employees have the opportunity to open their own locations, ensuring that Black Rock’s culture is maintained and consistent at each new location. Currently, there are over 200 locations open and in development throughout Oregon, Arizona, California, Washington, Idaho, Texas, and Colorado. Maricopa is one of the oldest and most historic communities in the state of Arizona. It is nestled in the heart of the Sonoran Desert, surrounded by mountain ranges and desert scenery. As one of Arizona’s fastest-growing cities, Maricopa remains rich in history and innate beauty, and remains a fantastic place to raise a family, build a business, or enjoy the warm climate and desert views. Maricopa has been recognized as the #1 Most Diverse School District in the Phoenix Area (Niche.com, 2022), the #4 Safest City in Arizona (Alarms.org, 2021), and the #8 Best Suburb to Buy a House in Phoenix (Niche.com, 2021).

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$2,333 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee | 15 Yr Abs NNN PHX

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

512-04-924

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 Notice.