Black Rock Coffee Bar NNN

2260 West Glendale Avenue Phoenix, AZ 85021

FOR SALE
Property Type:
Street Retail
Amount:
$2,550,000
Last Verified:
Jul 06, 2022

Highlights

  • Absolute NNN Lease
  • New 15 Year Lease
  • Build to Suit - Delivery Anticipated September 2022
  • Corporate Guarantee
  • Located East of Interstate 17

Description

ORION is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant Black Rock Coffee Bar located in Phoenix, Arizona. The Property should be delivered to Black Rock Coffee Bar in September 2022. Black Rock Coffee Bar is a rapidly expanding coffee concept on the west coast, now with over 50 locations. This location will be their newer drive-thru prototype. The Property is positioned east of Interstate 17 (on the going to work side of Glendale) off an exit ramp. Black Rock Coffee Bar has 15 years remaining on a brand-new, absolute triple-net (“NNN”) lease, 10 percent increases every five years, and four, five-year options for renewal, investors will see secure, appreciating cash flows from an expanding tenant in the market.

Location

Building Size: 830sq ft
Lot Size: 0.55 acres


Documents

Sale Brochure

Map of 2260 West Glendale Avenue, Phoenix, AZ, 85021

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.