loader
Join Free
Views: 390 DOM: 207 Updated: 11.07.24 Posted: 05.28.24 Status: Contract 10.22.24

Summary

Price $2,476,000
Built/Renov 2024
Tenant Better Buzz Coffee (GL)
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,575
Lease Start 12-01-2024
#Units 20
Price/SF $1,572.06
Expiration 12-01-2039
Tenant Type Fast Food/QSR
NOI $130,000
R. Term 14.11
Ownership Ground Lease
Rent/SF $82.54
Increases 10.0%/5/yrs
Pop 5Mi 306,636
Lot/AC 1.04
Options 3/5yrs/10%
AHHI 5Mi $109,291

Lease Highlights

  • Brand new 2024 construction
  • Better Buzz Coffee will be executing a brand new 15-year ground lease with 3 (5-year) options to extend upon close of escrow
  • The lease features 10% rental increases throughout the initial term and option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Better Buzz Coffee is strategically located at the signalized, hard corner intersection of W Elliot Road and S Kyrene Road, with access to a substantial daily traffic count of 57,000 vehicles. The property is conveniently situated 5 miles from Arizona State University, which has nearly 55,000 students enrolled, and 9 miles from Phoenix Sky Harbor International Airport. The immediate area is...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Better Buzz Coffee
  • Guarantor:Corporate
  • Company:Better Buzz Coffee Company
  • # Units:20
  • Stock:Private

About Tenant

Better Buzz Coffee Roasters is a privately held chain of coffee shops and retailer of coffee beverages. The company is a certified CCOF Organic Coffee Roaster and sources a wide variety of...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 13,383 120,683 314,659
2024 Total Population : 13,267 119,102 310,013
2024 Employed Civilian Pop : 8,238 69,322 180,136
2024 Total Businesses : 562 5,027 13,249
2024 Average Household Income : $ 119,321 $ 125,438 $ 118,125
2024 Total Consumer Spending : $ 605 M $ 5556 M $ 13022 M
2024 Median Age : 34 37 35
2024 Total Households : 5,723 50,659 125,823
2024 Pop Age 25+: Bachelor's Degree : 2,731 26,316 63,983
2024 Average Home Value : $ 563,292 $ 533,301 $ 526,706
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity