STARBUCKS | Tempe, AZ | Costco Outparcel

1325 West Elliot Road Tempe, AZ 85284

Tempe
FOR SALE NNN Property
Property Type:
Free Standing Building
Amount:
$3,943,000
Cap Rate:
5.25%
Last Verified:
Apr 14, 2025

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SUPERIOR PROPERTY VISIBILITY Subject property commands the hard corner of Elliot Rd and Priest Dr, seeing ±56,000 VPD, and is less than 1 mile from the I-10 (Sites USA 2023). PRIMARY RETAIL INFILL CORRIDOR The site is located in a Costco outparcel and is surrounded by a host of national retailers including Walmart, The Dump, Ikea, Life Time Fitness, Starbucks, PetSmart, Taco Bell, At Home, Staples, Dollar Tree and a host of others. DENSE RESIDENTIAL AREA Subject property is minutes away from over 216,000 residents, bringing in an impressive $98,000 average household income. MASSIVE EMPLOYMENT HUB The area hosts over 170,000 employees within a 2-mile radius, with the largest employers including Coca-Cola, Honeywell, American Airlines, Circle K corporate, and many more.

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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:

  • 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.
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