Gilbert, AZ 85296

Starbucks

Property Address

2334 South Val Vista Drive, Gilbert, AZ 85295, USA

Offering Summary

  • Price: $2,640,000
  • Lot Size: 0.88 Acres
  • Cap Rate: 5.00%
  • Year Built: 2017
  • Building SF: 2,497
  • Status: Available
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  • 9 Years Remaining on Lease with Corporate Starbucks Guaranty (NASDAQ: SBUX)
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Tenant Recently Extended Their Lease Early Through February 2033
  • 311,769 Residents in a 5-Mile Radius - Dense Gilbert Trade Area in the Phoenix MSA
  • Rapidly Growing Trade Area - Households Projected to Increase More Than 13 Percent in the Immediate Area by 2027
  • Excellent Location in Gilbert's Primary Retail Corridor, Home to SanTan Village Shopping Mall, Top Golf, Main Event, At Home, Walmart, Costco, and More
  • Affluent Trade Area - Average Household Income Exceeds $140,000 in a 1-Mile Radius
  • Situated Near the Intersection of East Williams Field Road and South Val Vista Drive (64,255+ Combined Cars per Day)

Broker Information