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Starbucks 525 N 99th Ave

2,400 SF Retail Building Tolleson, AZ 85353 $5,183,405 CAD ($2,160 CAD/SF) 4.75% Cap Rate

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Investment Highlights

Located just south of the I-10 and Loop 101.
High-performing intersection with excellent signage, exposure, and visibility.
Major employers in the trade area include: Trane, Quaker, Pepsi Co, Kroger, Albertsons/Safeway, Serta Mattress, Amazon Fulfillment Center and more.

Starbucks recently signed a new NN 10-year Corporate Guaranty lease with an additional four (5-year) extensions.
Lighted Parking Lot with Ample Parking.
Minimal Landlord responsibilities

Executive Summary

Terrazona Property Management, LLC is pleased to present the opportunity to acquire a Starbucks 10-year Corporate Guaranty NN Leased investment property. This is a brand new 2,400 SF drive/thru building located in a new high density development area. The property has tremendous exposure and visibility on a signalized intersection and located just south of the I-10 and Loop 101. The property is strategically located on 525 N. 99th Ave, in Tolleson, AZ. The Landlord is responsible for the following items: roof, structural components of the building, landscaping and parking lot. Non-Structural items are reimbursed as a CAM expense.

Offering Memorandum

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

2,400 SF

Building Class

Year Built

2024

Price

$5,183,405 CAD

Price Per SF

$2,160 CAD

Cap Rate

4.75%

NOI

$246,212 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Land Acres

1.25 AC

Zoning

C-2 - Commercial

Frontage

112 ft on North 99th Avenue

Amenities

Drive Thru

Air Conditioning

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Starbuck's story begins in 1971 along the cobblestone streets of Seattle’s historic Pike Place Market. It was there where Starbucks opened its first store, offering fresh-roasted coffee beans, tea and spices from around the world for their customers to take home. Their name was inspired by the classic tale, “Moby-Dick,” evoking the seafaring tradition of the early coffee traders. Starbucks would soon expand to Chicago and Vancouver, Canada and then on to California, Washington, D.C. and New York. By 1996, they would cross the Pacific to open their first store in Japan, followed by Europe in 1998 and China in 1999. Over the next two decades, they would grow to welcome millions of customers each week and become a part of the fabric of tens of thousands of neighborhoods all around the world. In everything they do, they are always dedicated to Their Mission: With every cup, with every conversation, with every community - they nurture the limitless possibilities of human connection.