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STNL STARBUCKS | NEW CORPORATE NET LEASE 7656 S Power Rd 1,694 sq ft Retail Property Gilbert, AZ 85297 £2,577,438 (£1,521.51/sq ft) 5.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Brand new corporate guaranteed 10-year net lease, landlord has limited responsibilities
- Average household income is over $174,000 within a 3-mile radius
- True investment grade tenant Starbucks Corporation (NASDAQ: SBUX), with nearly 40,800 locations in 88 markets
- Freestanding building with double drive-thru
- ASU's Polytechnic Campus with ±6,183 students is just 2 miles north of property
- New 2025 construction is eligible for bonus depreciation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Property Size
1,694 sq ft
Costar Property Class
C
Year Built
2025
Price
£2,577,438
Price per sq ft
£1,521.51
Yield
5.50%
NOI
£141,763
Tenancy
Single
Number of Floors
1
Plot ratio
0.05
Total Plot Size
0.71 ac
Use Class
C-2 - Commercial
AMENITIES
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Starbucks
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Starbucks | - | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 304-60-992 | Improvements Assessment | £0 |
| Land Assessment | £34,830 | Total Assessment | £34,830 |
PROPERTY TAXES
Parcel Number
304-60-992
Land Assessment
£34,830
Improvements Assessment
£0
Total Assessment
£34,830
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STNL STARBUCKS | NEW CORPORATE NET LEASE | 7656 S Power Rd
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