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    1589 Main St San Luis, AZ 85349

    For Sale
    $2,950,000

    High-Performing Drive-Thru Location

    Property size:
    2,403 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 2,403 square foot Starbucks storefront in San Luis, Arizona. Built in 2022, this NNN-leased property boasts a 10-year lease (commencing August 30, 2022, and expiring August 29, 2032) with a highly desirable tenant: Starbucks Corporation. The lease includes four 5-year renewal options with 10% rent increases. The property features a drive-thru, a key differentiator as the only one within a 50,000-person trade area. This location is strategically positioned just two miles from the San Luis Port of Entry, providing significant access to a large customer base. The property's strong performance is evidenced by its ranking in the top 12% nationally and top 7% in Arizona for traffic, according to Placer.ai. The asking price is $2,950,000, representing a 5.00% cap rate and a NOI of $147,500. The property sits on a 0.81-acre lot with 32 parking spaces and is located within a shopping center anchored by Walmart, Goodwill, and Dollar Tree. The property's APN is 775-05-012, and it is zoned C-2. This is a rare opportunity to acquire a high-performing, low-management investment property with a strong tenant and significant growth potential.

    Property Features for 1589 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,403 SF
    Lot Size
    35,284 SF

    Building Details

    Year Built
    2022

    HighLights

    • Strong credit tenant: Starbucks Corporation.
    • Long‑term lease with 8.5 years remaining and 10% rent increases every 5 years.
    • Sole Starbucks drive‑thru in a 50,000‑person trade area.
    • High‑performing location: Top 12% nationally and top 7% in Arizona for traffic (Placer.ai).
    • Successful Starbucks café and drive‑thru design.
    • Strategic location, 2 miles from the San Luis Port of Entry.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks Coffee Shop

    Map

    City
    San Luis
    County
    Yuma
    State
    Arizona
    Longitude
    -114.7859792
    Latitude
    32.5071101

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    Nearby Similar for Sale

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      San Luis Retail Opportunity

      Retail property adjacent to Walmart and other national brands.
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    FAQs

    What type of property is this?
    Individual retail property - High-Performing Drive-Thru Location
    Where is this individual retail property located?
    The property is located at 1589 Main St San Luis, AZ.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: Strong credit tenant: Starbucks Corporation.; Long-term lease with 8.5 years remaining and 10% rent increases every 5 years.; Sole Starbucks drive-thru in a 50,000-person trade area.
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    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
    1589 Main St San Luis, AZ 85349
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