525 N 99th Ave - Freestanding FOR SALE


Tolleson, AZ 85353
$3,195,000 USD
602-687-6766
525 N 99th Ave, Tolleson, AZ for Sale
$3,195,000 USD
Freestanding - FOR SALE
1/6
null | 5.45% Cap Rate

525 N 99th Ave
Tolleson, AZ 85353


HIGHLIGHTS

  • Brand New 10-Year Lease with Corporate Guaranty by Starbucks (NYSE: SBUX) - Large 1.25 Acre Lot
  • 7.5% Rental Increases Every Five Years with Multiple Renewal Options
  • Dense Trade Area in the Phoenix MSA with 314,719 Residents in a 5-Mile Radius
  • Rapidly Growing Trade Area - Households and Population Projected to Increase Over 7% in the Immediate Area Over the Next 5 Years
  • New High-Quality 2025 Construction with a Drive-Thru

OVERVIEW

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” Tolleson is a city in Maricopa County, Arizona, home to an estimated 7,200 residents and part of the Phoenix metropolitan area.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$1,331 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - New Build - 1.25 Acre Parcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C-2

APN/PARCEL ID

102-53-355

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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

Mark RubleMarcus & MillichapMore Info
602-687-6766

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