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    710 E Union Hills Dr Phoenix, AZ 85024

    For Sale
    $2,800,000

    New build-to-suit Starbucks with drive-thru, opening September 2024.

    Property size:
    870 SF
    Lot size:
    6.31 Acres

    Property Features for 710 E Union Hills Dr

    General Information

    Size
    870 SF
    Lot size
    6.31 Acres

    Source: Commercial Investment Advisors (CIA) - Corporate Agent Justin Zahn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Starbucks with Drive-Thru

    This property features a brand new, build-to-suit construction for a Starbucks, slated to open in September 2024. The property operates on a 10-year NN* lease to Starbucks Corporation, which includes 10% rental escalations every 5 years. The 870 square feet building is designed with Starbucks' newest prototype, featuring a drive-thru and walk-up concept. The drive-thru lane can accommodate up to 21 cars. According to 2023 demographics, the total population within a 5-mile radius is 286,638, and the average household income within a 1-mile radius is $114,176.
    Location Intelligence

    Current Use by Public Records

    Goodwill Retail Store ... Thrift Store Bosa Donuts Restaurant Maryel's Water Well Bottled Water Supplier North Valley Bicycles Bicycle Shop Eleganze Beauty Salon Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.0642056
    Latitude
    33.655902

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    FAQs

    What type of property is this?
    Coffee shop - New build-to-suit Starbucks with drive-thru, opening September 2024.
    Where is this coffee shop located?
    The property is located at 710 E Union Hills Dr Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - Brand new 10-year NN lease to Starbucks Corporation.; - Attractive 10% rental escalations every 5 years.; - Brand new, build-to-suit construction to Starbucks newest prototype.
    (480) 718-5555
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    710 E Union Hills Dr Phoenix, AZ 85024
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    710 E Union Hills Dr Phoenix, AZ 85024
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