Fountain Hills (PHX-Scottsdale), AZ 85268

Starbucks

Property Address

13545 N Fountain Hills Blvd, Fountain Hills, AZ, USA

Offering Summary

  • Price: $2,044,400
  • Lot Size: 0.8 Acres
  • Cap Rate: 4.5%
  • Year Built: 2018
  • Building SF: 2,005
  • Status: In Escrow
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  • Brand New 10-Year Lease with Starbucks Corporation
  • Relocation of an Existing Starbucks Store w/ 20+ Year Operating History
  • 10% Rental Increases Every Five Years
  • Fountain Hills is Community Adjacent to Scottsdale
  • Rare Lease Provision Allows for Amortization Costs Related to Roof & Parking Lot Charge Backs
  • New Prototype Footprint with Drive-thru
  • Average Household Income Exceeds $127K in Surrounding Area
  • Phoenix MSA – 12th Largest Metropolitan Area in the United States
  • High Growth Area – Households Expected to Increase 15%+ by 2022
  • Adjacent to Safeway Grocery Store
  • Close Proximity to Basha’s, CVS, Walgreens, etc.
  • Walking Distance from Fountain Hills High School

Broker Information