Single-Tenant Drive-Through
For Sale
Contact for pricing
3120 N Central Ave, Phoenix, AZ 85012
Newly built single-tenant net lease drive-through Starbucks leased by Starbucks Corporation, featuring four 5-year options.
Property SizeContact for details
Days on Market122
Property Features for 3120 N Central Ave
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Cap Rate
5.25%
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield - Phoenix, Arizona
(602) 224-4475
Listed By:
Chris Hollenbeck · License #SA584876000
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 5:59AM
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 Cushman & Wakefield - Phoenix, Arizona
Investment Insights
Based on property information with market context.
Newly built, single-tenant net lease Starbucks drive-through property leased by Starbucks Corporation. The investment includes a lease schedule with four 5-year options, designed to provide long-term contractual continuity for the single tenant.
The property is located in Phoenix at 3120 N Central Ave, described in the remarks as an urban drive-thru site at Park Central Mall. The offering is also noted as being near educational institutions, including Creighton University, and within a broader mixed-use campus area with access to major transportation hubs.
For buyers seeking a corporate-backed, single-tenant net lease with contractual options, this Starbucks location is presented as a focused, income-oriented asset.
The property is located in Phoenix at 3120 N Central Ave, described in the remarks as an urban drive-thru site at Park Central Mall. The offering is also noted as being near educational institutions, including Creighton University, and within a broader mixed-use campus area with access to major transportation hubs.
For buyers seeking a corporate-backed, single-tenant net lease with contractual options, this Starbucks location is presented as a focused, income-oriented asset.
Key Highlights
- Newly built single‑tenant net lease drive‑through Starbucks leased by Starbucks Corporation
- Current NOI of $136,543 with annual rent increases
- Net lease investment priced at $2,600,819 with a stated 5.25% cap rate
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,805
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85012, AZ
8,201
Population
5,269
Households
1.6
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
3,566
Density / Sq Mi
$80,242
Median Household Income
$57,228
Median Earnings
$1,693
Median Rent
$701,200
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
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Similar Off Market Nearby
- Bang Bang Coffee — 10 W Vernon Ave, Phoenix, AZ 85003
- Central Cafe — 2600 N Central Ave #100, Phoenix, AZ 85004
- Starbucks — 350 W Thomas Rd, Phoenix, AZ 85013
- Café 1895 — 2910 N 3rd Ave, Phoenix, AZ 85013
- Anna Mary's Cafe — 2727 N Central Ave, Phoenix, AZ 85004
Frequently Asked Questions
What type of property is this?
Coffee shop - Newly built single-tenant net lease drive-through Starbucks leased by Starbucks Corporation, featuring four 5-year options.
Where is this coffee shop located?
The property is located at 3120 N Central Ave Phoenix, AZ.
What are key features of this property?
This property features: Newly built single‑tenant net lease drive‑through Starbucks leased by Starbucks Corporation; Current NOI of $136,543 with annual rent increases; Net lease investment priced at $2,600,819 with a stated 5.25% cap rate
