This listing is under contract.

STARBUCKS (WITH DRIVE-THRU) | TEMPE, AZ

1741 East Warner Road Tempe, AZ 85284

1741 East Warner Road , Tempe, AZ, 85284
1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284 1741 East Warner Road , Tempe, AZ, 85284
UNDER CONTRACT FOR SALE NNN Property
Property Type:
Single Tenant Retail (NNN)
Amount:
$2
Cap Rate:
4.70%
Last Verified:
Oct 12, 2020

 

Marketing Description

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  • Property Type- Retail
  • Sub Type - Freestanding Drive-Thru 
  • Investment Type - Net Lease
  • Investment Sub Type - Single Tenant
  • Class - A
  • Lease Type - NNN
  • Tenant Credit - Credit Rated
  • Tenancy - Single
  • Lease Term - 10.5 years
  • Lease Commencement - 9/11/2014
  • Lease Expiration - 02/28/2025 
  • Remaining Term - 4.7 years
  • Square Footage - 2,720
  • Net Rentable (sq ft) - 2,720
  • Occupancy - 100%
  • NOI - $133,300
  • Units - 1
  • Year Built - 2014
  • Buildings - 1
  • Stories - 1
  • Zoning - PCC-1
  • Lot Size (acres) - 0.74
  • Rent Bumps - 10% / 5 Years
  • Broker Co-Op - Yes
  • APN - 301-62-008
  • Lease Options - Four (4) Five (5) Yr.
  • Ownership - Fee Simple

NNN LEASE | INVESTMENT GRADE CREDIT TENANT 

The NNN Lease Is Corporately Guaranteed By Starbucks (NASDAQ : SBUX) , The Largest Coffee House Chain In The World With 30,000 Locations In 70 Countries. 

Starbucks Boasts Investment Grade Credit (S&P : BBB + / Moodys : Baa1). Strong Brand, Stable Financials, And Premier Locations Make Starbucks The Ideal Single Tenant Investment

PROTOTYPE STORE WITH DRIVE-THRU

Constructed In 2014, The Property Reflects Starbucks Ideal Prototype In Terms Of Footprint, Layout, And Attractive High End  Finishes. 

The Property Is A Drive-Thru Starbucks Location, Drive-Thru Stores Significantly Outperform Traditional Locations. Many Drive-Thru Stores Remained Open During The Recent COVID-19 Pandemic. 

STRATEGIC LOCATION WITHIN RETAIL/OFFICE HUB

Starbucks Is An Outparcel To The Highly Successful Cobblestone Village Shopping Center; An Up Scale Neighborhood Center Anchored By Bashas (Grocery), Raising Canes, and supported by several daily needs, food, fitness and service retailers. 

Immediately East Of The Property Is The ASU Research Park, A Major Business Park For The Community Including Tenants: Amazon, GoDaddy, Edward Jones (Regional HQ), Amkor Technology, Indium Communications, Versum Materials, Fox Media, + More.  

STRONG REAL ESTATE FUNDAMENTALS

• Tremendous Line Of Site Visibility From East Warner Road

• Convenient Access With Four (4) Ingress/Egress Driveways To Cobblestone Village 

• Highly Trafficked Thoroughfare With ±45,000 VPD Passing The Site 

• Ample Parking With ±33 Stalls On Parcel (over 10 Stalls / 1,000 SF) 

• Direct Access (1.1 Miles) To The 10 Fwy Warner Road On/Off Ramp.

DESIRABLE TRADE AREA DEMOGRAPHICS

Tremendous Tempe, AZ Trade Area Demographics with A Residential Population Of 55,904, A Daytime Population Of 44,988, With An Average Household Income Of $122,966 Within A Two-Mile Radius Of The Site


Additional URLs

Map of 1741 East Warner Road , Tempe, AZ, 85284

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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:

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  • 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.