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Off Market
1/3

4504 N Highway 89
Flagstaff, AZ 86004


HIGHLIGHTS

  • Brand New 10-Year Lease | Corporate Guaranteed | Investment Grade Tenant (S&P: BBB+) | Rental Increases
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • New Build to Suit Property | Slated to Open December 2019 | Drive-Thru Equipped
  • Signalized Intersection | Interstate 40 (36,400 VPD)
  • Outparcel to Flagstaff Mall (347,000 SF) | Dense Retail Corridor
  • High Barriers to Entry for New Development

OVERVIEW

Starbucks is strategically located at the signalized intersection of N. Cummings Street and U.S. Highway 89, averaging a combined 26,600 vehicles passing by daily. The site is less than 1 mile north of Interstate 40 (36,400 VPD), a major west/east thoroughfare for the state of Arizona. Starbucks is an outparcel to Flagstaff Mall, a 347,000+ square foot mall anchored by Dillard’s, Hobby Lobby, Planet Fitness, and JCPenney, thereby benefitting from crossover traffic. The building is ideally positioned in a dense retail corridor and is within close proximity to The Marketplace (268,000 SF), a shopping center anchored by The Home Depot, Marshalls, Best Buy, Petco, and Harkins Theatres, and the Flagstaff Auto Center, which includes the brand new Mercedes-Benz of Flagstaff dealership. Other nearby national/credit tenants include Safeway, OfficeMax, CVS, Aaron’s, and more, increasing consumer draw and traffic to the trade area. Additionally, Flagstaff has a strong science and technology corridor with employers including Flagstaff Medical Center, W.L. Gore Technologies, and the U.S. Geological Survey Astrology Science Center. Further, the site is less than 5 miles from Northern Arizona University (29,000 students enrolled), providing a strong customer base to draw from. The 5-mile trade area is supported by a population of more than 57,000 residents and 35,000 employees. The 3-mile subject area boasts an average household income of $85,104.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Starbucks | Corp NNN | DriveThru | S&P:BBB+

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

2400

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

113-27-016L