7050 E Shea Blvd Scottsdale, AZ 85254
9+ Years Remaining on Corporate Lease with Starbucks
Property size:
900 SFLot size:
0.23 AcresPrice / SF:
$2,486/SF- Added:
- Jan 14, 2025
- Days on Market:
- 468
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 7050 E Shea Blvd
General Information
- Standard status
- Active
- Property type
- Other retail properties, Individual retail properties, Restaurants, Retail properties & Spaces
- Size
- 900 SF
- Class
- B
- Elevators
- N/A
- Lot size
- 0.23 Acres
- Net Operating Income
- $117,500
Building Details
- Year Built
- 2009
- Buildings
- 1
- Stories
- 1
Listing agent Mark License #AZ:SA550593000,NV:S.0192964 (602) 687-6766
Listing office Phoenix Office (602) 687-6766
Listing date Jan 14, 2025
Overview
Starbucks Leased Retail Investment Opportunity
This Scottsdale retail investment opportunity features a 900 square foot building leased to Starbucks. The corporate lease has over nine years remaining, with multiple renewal options and a 10% rental increase every five years. Located in the Scottsdale/Shea retail corridor, the property benefits from visibility and proximity to national tenants such as Safeway, Harkins Theaters, and McDonald's. The trade area has an average household income exceeding $180,000 within a three-mile radius. The location on Shea Boulevard provides exposure to over 97,000 vehicles daily. The population within a five-mile radius is over 184,626 residents, with projected population growth of 6% by 2028. The lot size is 0.23 acres, providing space for the existing building and potential future expansion. The property generates a net operating income of $117,500.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Starbucks
Cafe & Coffee Shop
Discount Tire Repair ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.928058
- Latitude
- 33.582517
Nearby Similar for Sale
FAQs
What type of property is this?
Other retail property - 9+ Years Remaining on Corporate Lease with Starbucks
Where is this other retail property located?
The property is located at 7050 E Shea Blvd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $2,238,000.
What are key features of this property?
This property features: 9+ Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX); Multiple Renewal Options with 10% Rental Increases Every 5 Years Located within the Scottsdale/Shea Retail Corridor Surrounded by National Tenants: Safeway, Harkins Theaters, McDonald’s, and More; 184,626 Residents within a 5‑Mile Radius - Households and Population Projected to Increase 6% in the Surrounding Area by 2028 Affluent Trade Area with Average Household Income Exceeding $180,000 within 3 Miles Frontage Along Shea Boulevard with 97,000+ Cars/Day at the Corner of Shea Boulevard and Scottsdale Road
