Phoenix, AZ 85050

Gravity Coffee

Property Address

20049 North 24th Way, Phoenix, AZ, USA

Offering Summary

  • Price: $2,061,000
  • Lot Size: .20 Acres
  • Cap Rate: 5.75%
  • Year Built: 2024
  • Building SF: 752
  • Status: In Escrow
Download Brochure Submit Offer
  • 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
  • 241,685 Residents within a Five-Mile Radius - Dense North Phoenix Trade Area
  • Located at the Intersection of East Beardsley Road and Cave Creek Road with a Combined 38,300 Cars per Day
  • New 2024 Construction with a Drive-Thru
  • Directly Across from Costco and in Close Proximity to Other National Tenants: Taco Bell, Jack in the Box, McDonald's, and More
  • Situated Immediately Off Pima Freeway / Loop 101, a Significant Connector for the Phoenix Area (More Than 272,000 Cars per Day)
  • The Specialty Coffee Shop Market is Projected to Grow by $39.17 Billion from 2022 to 2027 (Source: Technavio)

Broker Information