5960 Northern ave - Retail FOR SALE


Glendale, AZ 85301- Westside
$3,000,000 USD
602-538-7155
5960 Northern ave, Glendale, AZ for Sale
$3,000,000 USD
Retail - FOR SALE
1/5
null | 5% Cap Rate

5960 Northern ave
Glendale, AZ 85301
Westside


HIGHLIGHTS

  • Absolute NNN – zero landlord responsibilities
  • Brand New Construction
  • Long Term 15 Year Primary Lease
  • 10% increases every 5 years

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Dutch Bros Coffee, one of the fastest-growing drive-thru beverage brands in the United States. The property is secured by a brand-new absolute NNN lease, providing investors with a passive investment structure featuring zero landlord responsibilities and attractive rent growth throughout the lease term. Founded in 1992 in Grants Pass, Oregon, Dutch Bros has grown from a single pushcart coffee stand into a nationally recognized beverage brand known for its high-energy customer service model and efficient drive-thru operations. As of 2026, the company operates more than 1,136 locations across 25 states and continues to expand rapidly with a long-term goal of reaching over 2,000 shops by 2029 and an estimated potential of more than 7,000 locations nationwide. The company went public on the New York Stock Exchange in 2021 (NYSE: BROS) and currently maintains a market capitalization of approximately $8.7 billion, supporting its continued national expansion strategy. The subject property is located at 5960 W Northern Avenue in Glendale, Arizona, within the densely populated northwest Phoenix metropolitan area. The site benefits from strong connectivity to U.S. 60 and surrounding arterial corridors, providing convenient regional access throughout the West Valley. The surrounding trade area is highly populated, with more than 502,000 residents within a five-mile radius and strong household incomes supporting long-term retail demand. Positioned on approximately ±0.68 acres, the property features a newly constructed ±1,040-square-foot drive-thru building with an additional patio area and is scheduled for completion in 2026. The investment is secured by a 15-year build-to-suit lease with scheduled rent increases every five years, offering investors stable long-term income backed by a rapidly expanding national brand. This offering represents an opportunity to acquire a brand-new Dutch Bros Coffee investment with durable passive income, strong real estate fundamentals, and long-term value supported by one of the most dynamic beverage concepts in the United States.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$2,885 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

143-16-003E

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.