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Tempe, AZ 85282

Black Rock Coffee

Property Address

1202 West Broadway Road, Tempe, AZ, USA

Offering Summary

  • Price: $1,950,000
  • Lot Size: .68 Acres
  • Year Built: 1983/2020
  • Building SF: 2,200
  • Status: Closed
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  • New 10-Year Absolute Triple-Net (NNN) Corporate Lease
  • Brand New 2020 Renovation
  • Grand Opening Scheduled for January 22, 2021
  • Tenant Paid Rent in Full Through COVID-19
  • 10% Rental Increases Every 5 Years
  • 73 Locations in 8 States with 85 Total Planned in the Next Quarter
  • 304,833 Residents in Growing Tempe Trade Area - Phoenix MSA
  • Excellent Location Just Minutes from Arizona State University’s Tempe Campus (51,585+ Students)
  • Visible to 33,500+ Cars/Day Along West Broadway Road
  • Immediately Off the I-10 Freeway, the Primary Connector for the Phoenix Area
  • Down the Road from Tempe High School (1,580+ Students)
  • Strong Daytime Population - 610,600 Employees in Surrounding Area
  • Average Household Income Exceeds $63K within a 5-Mile Radius

Broker Information

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