28379 N El Mirage Rd - Restaurant FOR SALE


Peoria, AZ 85383
$3,450,000 USD
602-538-7155
28379 N El Mirage Rd, Peoria, AZ for Sale
$3,450,000 USD
Restaurant - FOR SALE
1/12
null | 5.45% Cap Rate

28379 N El Mirage Rd
Peoria, AZ 85383


HIGHLIGHTS

  • Corporate Guaranty
  • Brand new construction
  • Long Term 10 Year Primary Lease
  • Attractive 10% rent increases every 5 years
  • Centered in Peoria's Vistancia, one of the largest masterplanned communities in Arizona covering over 7,100 AC with over 10,000 homes
  • Located 15 minutes from TSMC’s $160 billion semiconductor campus, bringing 6,000+ jobs to northern Peoria

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s leading coffeehouse brand and one of the most recognized consumer retail concepts globally. The property is secured by a corporate-guaranteed net lease, offering investors a durable income stream backed by an established public company with significant scale and brand recognition. Built in 2025, the asset features a new construction drive-thru format with a 10-year primary lease term and attractive 10% rental increases every five years, providing both stability and built-in income growth. Founded in 1971 in Seattle, Washington, Starbucks has grown into the largest coffee retailer in the world, operating more than 40,000 locations across 88 countries, including more than 16,800 stores in the United States. The company employs over 381,000 people and generated approximately $37.2 billion in revenue in 2025. Publicly traded on the NASDAQ under the ticker symbol “SBUX,” Starbucks maintains a market capitalization in excess of $110 billion, reflecting its scale, brand strength, and long-standing position as a dominant player within the global quick-service and beverage sector. The property is located within the rapidly growing Vistancia trade area. The site is positioned adjacent to Vistancia Marketplace and Shops at Vistancia, which features national retailers including Safeway, Walgreens, Chase Bank, and Chipotle. The asset also benefits from its location near Five North at Vistancia, a 320-acre mixed-use development planned for retail, hospitality, office, healthcare, education, employment, and up to 1,900 luxury residential units. In addition, the property is approximately 15 minutes from TSMC’s massive semiconductor campus, a transformative regional employment driver expected to bring thousands of jobs to northern Peoria. The surrounding trade area is supported by more than 81,000 residents within a five-mile radius and strong average household incomes exceeding $170,000 within two miles. This offering represents an opportunity to acquire a newly constructed Starbucks investment with corporate credit backing, contractual rent growth, and strong real estate fundamentals in one of the fastest-growing and most affluent submarkets in the Phoenix metropolitan area.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$1,438 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

PAD

APN/PARCEL ID

503-99-995

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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