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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  • 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