3225 E Baseline Rd - Retail FOR SALE


Phoenix, AZ 85042- South Mountain
$2,800,000 USD
602-954-3774
3225 E Baseline Rd, Phoenix, AZ for Sale
$2,800,000 USD
Retail - FOR SALE
1/8
null | 5% Cap Rate

3225 E Baseline Rd
Phoenix, AZ 85042
South Mountain


HIGHLIGHTS

  • Brand-new, 15-year lease with a corporate guaranty from Black Rock Coffee (NYSE: BRCB)
  • Absolute NNN with no Landlord responsibilities
  • 2,485 SF brand new construction building with a double drive-thru
  • The lease has scheduled rent increases - 10% every 5 years including each option period
  • Black Rock Coffee has ±54 stores in Arizona and growing, along with their recent IPO in September of 2025 (NYSE: BRCB)

OVERVIEW

Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Black Rock Coffee Bar located at the SEC of 32nd St and Baseline Rd, in Phoenix, AZ. The property was recently completed in 2025 and secured with an Absolute NNN lease featuring a 15-year term with no landlord responsibilities, a corporate guaranty, and a double drive-thru designed for high-volume service. The site is positioned on Baseline Rd with ±59,112 VPD and is surrounded by established rooftops plus nearby residential activity, including Shadow Mountain Villas Condominiums (277 units) and The Raven Condominiums (161 units), with additional residential under construction. The property benefits from a dense consumer base with 510,542 people within 15 minutes and average household incomes of $113,838 (5 min) / $101,122 (10 min)—supporting daily coffee demand in a built-out, infill-style trade area with strong daytime drivers and established neighborhoods.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,400 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

301-23-764

ASK ABOUT THIS PROPERTY

Sean Bishop, CCIMLee & AssociatesMore Info
602-954-3774

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Sean Bishop, CCIMLee & AssociatesMore Info
602-954-3774

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