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Glendale, AZ 85308
Gravity Coffee
Property Address
5250 West Bell Road, Glendale, AZ, USA
Offering Summary
Price:
$2,051,000
Lot Size:
.57 Acres
Year Built:
2023
Building SF:
750
Status:
CLOSED
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Broker
Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States
10 Percent Rental Increases Every Five Years with Multiple Renewal Options
355,274 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
Excellent Frontage and Accessibility Along Bell Road, a Major East-West Arterial with Over 54,000 Cars per Day
New 2023 Construction with a Drive-Thru
Average Household Income Exceeds $96,000 in the Immediate Area
Located in a Dense Retail Corridor, Adjacent to a New Self-Storage Facility and a New 203- Unit Luxury Senior Living Community
The Specialty Coffee Shop Market is Projected to Grow by $39.17 Billion from 2022 to 2027 (Source: Technavio)
Broker Information
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
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