Tempe, AZ 85281

The Human Bean

Property Address

1602 North Scottsdale Road, Tempe, AZ, USA

Offering Summary

  • Price: $2,416,000
  • Lot Size: .73 Acres
  • Cap Rate: 6.0%
  • Year Built: 2019
  • Building SF: 800
  • Status: Available
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  • Brand New 10 Year Absolute Triple-Net (NNN) Lease – Multi Unit Franchisee
  • Ten Percent Increases Every Five Years
  • 2019 Construction with a Drive Thru – Rare Hard Corner on Scottsdale Road
  • Directly Off the Loop 202 Freeway (176,000+ Cars per Day), a Major Connector for the Phoenix Area
  • 305,981 Residents in Tempe Trade Area – Phoenix MSA
  • Minutes from Arizona State University’s Main Campus – 51,800+ Enrolled
  • Additional Income from Cell Tower Lease
  • Strong Daytime Population – 605,700+ Employees in 5-Mile Radius
  • Close Proximity to Marina Heights – 5 Buildings Comprised of 2 Million SF of Office Space and 60,000 SF of Retail Space – Regional Hub for State Farm Insurance
  • Excellent Visibility – 42,400+ Cars per Day Along N Scottsdale Road
  • Down the Road from SkySong, Arizona State University’s Scottsdale Innovation Center

Broker Information