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New Phoenix Retail NNN Lease

20049 N 24th Way, Phoenix, AZ

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For Sale

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

Type:RETAIL

Property size:

752 SF

Lot size:

0.20 Acres

Price / SF:

$2,659/SF

HighLights

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.
Situated immediately off Pima Freeway / Loop 101 (more than 272,000 cars per day).
241,685 residents within a five‑mile radius - dense North Phoenix trade area.
Located at the intersection of East Beardsley Road and Cave Creek Road with a combined 38,300 cars per day.

We can help!

Listing Contact

Zack House

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

752 SF

Lot size:

0.20 Acres

Price / SF:

$2,659/SF

Added:: Jan 23, 2024
Days on Market:: 873
Last Refresh:: May 19 at 10:11 pm

Property Features for 20049 N 24th Way

General Information

Standard status: Active
Size: 752 SF
Lot size: 0.20 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Zack House

Listing agent Zack House License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

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

HighLights

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.
Situated immediately off Pima Freeway / Loop 101 (more than 272,000 cars per day).
241,685 residents within a five‑mile radius - dense North Phoenix trade area.
Located at the intersection of East Beardsley Road and Cave Creek Road with a combined 38,300 cars per day.

Overview

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 Location Intelligence

Current Use by Public Records

Gravity Coffee Cafe & Coffee Shop

Suggested Use

Location Insight

Map
Local Demand

City: Phoenix
County: Maricopa
State: Arizona
Longitude: -112.029
Latitude: 33.6693

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For sale
Coffee shops
AZ
Phoenix
20049 N 24th Way

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.

20049 N 24th Way, Phoenix, AZ

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

Property Features for 20049 N 24th Way

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Licensed Behavioral Health Center

Assisted Living Licensed Home

Phoenix Assisted Living Investment Property

Office/Flex Mixed-Use Property

Turnkey Phoenix Short-Term Rental

Side-by-Side Duplex Investment

2025-Built Duplex Investment

Side-by-Side 2025 Duplexes

5-Unit Multifamily with Recent Renovations

Phoenix Duplex with Rental Potential

Fourplex Residential Income Property

Phoenix Multifamily Investment Opportunity

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