Asking Price
Sq. Footage 3,070
NOI Net Operating Income
Cap Rate 4.40%

Attributes

Year Built 2015
Lease Type NN
Current / Passing Rent
Lease Expiration 2026-02-28
Remaining Term 6 years, 1 month
Tenant Starbucks Corporation
Lot Size 0.58 ACRES

Property Description

Starbucks location for sale, strategically positioned on the primary thoroughfare of Sedona, Arizona. The property is subject to NN lease from Starbucks Corporation, Inc. possessing 10% rental escalations. Starbucks Corporation operates under the investment-grade backing of a corporate guarantee from the largest coffee provider in the world. Named the 'Most beautiful place in America' by USA Weekend, Sedona draws over three million tourists in a year and the property possesses strong real estate fundamentals and long-term intrinsic value. The offering presents the opportunity to acquire a property leased to the preeminent coffee operator on one of the most frequented thoroughfares of Sedona, Arizona. 


Investment Highlights

  • Only freestanding drive-thru Starbucks in Sedona
  • Extremely high barrier to entry retail market
  • Strategically positioned alongside national brands such as Whole Foods, Safeway & Walgreens
  • Affluent local population (AHHI > $97,000) and growing tourist base 
  • Investment-grade corporate guarantee with 10% rental escalations every 5 years


Peter Bauman
Peter Bauman
SVP, Capital Markets
Licensed in
AZ - SA647389000 NV-186153
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
Licensed in
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027

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