8055 E McDowell Rd - Retail FOR SALE


Scottsdale, AZ 85257- South Scottsdale
$3,036,000 USD
602-687-6766
8055 E McDowell Rd, Scottsdale, AZ for Sale
$3,036,000 USD
Retail - FOR SALE
1/6
null | 5% Cap Rate

8055 E McDowell Rd
Scottsdale, AZ 85257
South Scottsdale


HIGHLIGHTS

  • Rare Opportunity to Buy in Scottsdale
  • 8+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
  • 282,636 Residents within a 5-Mile Radius - Households and Population Projected to Increase 4% in the Surrounding Area by 2030
  • Multiple Renewal Options with 10% Rental Increases Every 5 Years
  • Average Household Income Exceeds $107,000 within 3 Miles
  • Frontage Along McDowell Road with 53,000+ Cars per Day at the Corner of McDowell Road and Hayden Road

OVERVIEW

Starbucks (NASDAQ: SBUX)is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Adjacent to the Greater Phoenix Area, Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” With a population of more than 240,000, the City of Scottsdale is among Arizona’s ten largest cities.

FOR SALE DETAILS

PRICE

$3,036,000 USD

PRICE/SF

$1,265 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Scottsdale

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,126 SF

ZONING

-

APN/PARCEL ID

131-09-002Q

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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