6106 S 7Th Ave Phoenix, AZ 85013

This property features a new construction freestanding building with a double drive-thru and a walk-up window. The property is under a brand new 15-year absolute NNN corporate lease, offering zero landlord responsibilities. Rent increases of 10% are scheduled every 5 years throughout the primary term and the four, five-year option periods. The building is a pad to the second strongest Food City in Arizona by traffic volume. The location benefits from high traffic, with approximately 115,000 visitors per month to the center over the past year. Situated on the going-to-work side of Southern Avenue, the site sees nearly 38,500 vehicles per day. The property is located at a high traffic intersection with nearly 60,000 vehicles per day. The surrounding area is a dense infill location with approximately 219,000 residents within a 5-mile radius. Consumer spending on food away from home is nearly $248,000,000 within 5 miles. The building is occupied by Black Rock Coffee, which has 150 locations across 7 states. The lease is corporately guaranteed from a coffee company with 51 stores in Arizona.