Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., as exclusive advisors to Seller, are pleased to present the opportunity to acquire the fee simple interest in a high-performing, corporate leased Starbucks located at 6363 N. La Cholla Boulevard in Tucson, Arizona. Offered at $2,550,000, the property generates $132,000 in annual net operating income, representing a 5.18% cap rate.
Starbucks operates under an NN lease through February 29, 2028, with four (4) additional 5-year extension options. Rent increases by 10% at the beginning of each option period, providing the potential for long-term income growth. The lease contains no early termination rights, right of first offer, or right of first refusal.
The subject property consists of an approximately 2,020-square-foot drive-thru building situated on 0.85 acres along North La Cholla Boulevard, a highly traveled arterial carrying more than 45,000 vehicles per day. Positioned directly across from Northwest Medical Center, the location benefits from excellent visibility, convenient access, and consistent traffic generated by the surrounding medical, retail, and residential communities.
While the lease has approximately 18 months of remaining term, the store’s strong visitation, established operating history, corporate tenancy, and strategic real estate position provide a compelling combination of current income and potential value creation through a future lease extension.