Brand New 2024 Construction Starbucks | 5127 W Glendale Ave
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Brand New 2024 Construction Starbucks 5127 W Glendale Ave
1,302 SF 100% Leased Retail Building Glendale, AZ 85301 $4,515,980 CAD ($3,468 CAD/SF) 5.35% Cap Rate
Investment Highlights
- Brand new 10 year primary lease term
- 2024 Construction
- Starbucks location that will service all of Downtown Glendale’s city staff and attorneys
- Corporate Guaranty
- No early termination clause
- Located in an Opportunity Zone
Executive Summary
INVESTMENT HIGHLIGHTS
• Brand new 10 year primary lease term
• Corporate Guaranty
• 2024 Construction
• No early termination clause
• Starbucks location that will service all of Downtown Glendale’s city staff and attorneys
• Located in an Opportunity Zone
TENANT HIGHLIGHTS
• World’s largest coffeehouse chain
• ±38,000 stores in 86 countries, 15,873 in the U.S.
• Starbucks net revenue reached 36 billion U.S. dollars in 2023
• Publicly traded company (NASDAQ: SBUX)
• S&P Investment Grade Credit Rating: BBB+
• Top 200 company on the Fortune 500 list
LOCATION HIGHLIGHTS
• Located in the Historic Downtown Glendale, a ±650,000 SF entertainment hub with multiple new restaurants and retail (Visit Downtown Glendale)
• Frontage on Glendale Ave, a major Phoenix arterial with ±60,026 vehicles per day at the intersection
• Densely populated trade area with ±548,163 residents in a 5-mile radius
• Located in Glendale Center shopping mall, with neighboring tenants such as Planet Fitness, GS Supermarket, Chevron and more
• Less than 1 mile from the $70 million Downtown Campus Revitalization projec
• Brand new 10 year primary lease term
• Corporate Guaranty
• 2024 Construction
• No early termination clause
• Starbucks location that will service all of Downtown Glendale’s city staff and attorneys
• Located in an Opportunity Zone
TENANT HIGHLIGHTS
• World’s largest coffeehouse chain
• ±38,000 stores in 86 countries, 15,873 in the U.S.
• Starbucks net revenue reached 36 billion U.S. dollars in 2023
• Publicly traded company (NASDAQ: SBUX)
• S&P Investment Grade Credit Rating: BBB+
• Top 200 company on the Fortune 500 list
LOCATION HIGHLIGHTS
• Located in the Historic Downtown Glendale, a ±650,000 SF entertainment hub with multiple new restaurants and retail (Visit Downtown Glendale)
• Frontage on Glendale Ave, a major Phoenix arterial with ±60,026 vehicles per day at the intersection
• Densely populated trade area with ±548,163 residents in a 5-mile radius
• Located in Glendale Center shopping mall, with neighboring tenants such as Planet Fitness, GS Supermarket, Chevron and more
• Less than 1 mile from the $70 million Downtown Campus Revitalization projec
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,302 SF
Year Built
2024
Price
$4,515,980 CAD
Price Per SF
$3,468 CAD
Cap Rate
5.35%
NOI
$241,605 CAD
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
Amenities
- Drive Thru
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Starbucks
- -
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Starbucks | - | - | - | - |
Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 146-06-054E | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $33,351 CAD |
PROPERTY TAXES
Parcel Number
146-06-054E
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,351 CAD
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Brand New 2024 Construction Starbucks | 5127 W Glendale Ave
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