20049 N 24th Way Phoenix, AZ
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New construction NNN lease in a high-traffic Phoenix location.
Type:RETAIL
Property size:
752 SFLot size:
0.20 AcresPrice / SF:
$2,659/SF- Added:
- Jan 23, 2024
- Days on Market:
- 828
- Last Refresh:
- Apr 5 at 11:18 pm
Property Features for 20049 N 24th Way
General Information
- Standard status
- Active
- Size
- 752 SF
- Lot size
- 0.20 Acres
- Property subtype
- RETAIL
Listing agent Zack House (916) 532-6544
Listing office Marcus & Millichap | Phoenix (916) 532-6544
Listing date Jan 23, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Gravity Coffee
Cafe & Coffee Shop
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.029
- Latitude
- 33.6693
Nearby Similar for Sale
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.
