Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    20049 N 24Th Way Phoenix, AZ 85050

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,000,000

    New construction NNN lease in a high-traffic Phoenix location.

    Property size:
    752 SF
    Lot size:
    0.20 Acres

    Property Features for 20049 N 24Th Way

    General Information

    Size
    752 SF
    Lot size
    0.20 Acres

    Source: Marcus & Millichap | Phoenix Agent Zack House

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

    Overview

    New Phoenix Retail NNN Lease

    This property features a brand-new 25-year absolute triple-net (NNN) lease with a corporate guaranty. The tenant is a growing drive-thru coffee chain with more than 100 locations open and in development across nine states. The property benefits from 10 percent rental increases every five years, along with multiple renewal options. Situated in a dense North Phoenix trade area, the location has 241,685 residents within a five-mile radius. Located at the intersection of East Beardsley Road and Cave Creek Road, the property benefits from a combined traffic count of 38,300 cars per day. Constructed in 2024, the property includes a drive-thru. It is located directly across from Costco and in close proximity to other national tenants, including Taco Bell, Jack in the Box, and McDonald's. The property is situated immediately off Pima Freeway / Loop 101, a significant connector for the Phoenix area with more than 272,000 cars per day. The property size is 752 square feet. The specialty coffee shop market is projected to grow.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gravity Coffee Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Gravity Coffee, Yolk Cafe, American Vape Cafe

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.028992
    Latitude
    33.669333

    Nearby Similar for Sale

    • $11,600,000

      Arcadia Area Condos For Sale

      Eight high-end condos in Phoenix's Arcadia area, each with private elevator.
      4525 N 40Th St, Phoenix, AZ 85018
      View Details
    • New
      $534,400

      Renovated Multi-Family Property in Phoenix

      Three units, renovated in 2024, located in Roosevelt Arts District.
      325 N 17Th Dr, Phoenix, AZ 85007
      View Details
    • New
      $649,900

      Updated Triplex in Phoenix Location

      Updated triplex with strong rental versatility near Phoenix attractions.
      4832 E Willetta St, Phoenix, AZ 85008
      View Details
    • $615,000
      Pending

      New Construction Duplex in Phoenix

      Modern duplex in downtown Phoenix with no HOA fees.
      1120 S 4Th Ave, Phoenix, AZ 85003
      View Details
    • $499,999

      Phoenix Multi-Unit Investment Opportunity

      Two adjacent properties with three units in central Phoenix.
      1813 W Sherman St, Phoenix, AZ 85007
      View Details
    • New
      $649,900

      Updated Triplex in Phoenix Location

      Fully updated triplex in a prime Phoenix location.
      4838 E Willetta St, Phoenix, AZ 85008
      View Details

    FAQs

    What type of property is this?
    Coffee shop - New construction NNN lease in a high-traffic Phoenix location.
    Where is this coffee shop located?
    The property is located at 20049 N 24Th Way Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Brand new 25-year absolute triple-net (NNN) lease with corporate guaranty.; - 10 percent rental increases every five years with multiple renewal options.; - Located directly across from Costco and in close proximity to other national tenants.
    (916) 532-6544
    Request Owner's contact information
    20049 N 24Th Way Phoenix, AZ 85050
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20049 N 24Th Way
    Phoenix, AZ 85050
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    20049 N 24Th Way Phoenix, AZ 85050
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.