9895 S Priest Drive Tempe, AZ 85284

This fee simple property is situated on 1.3 acres along the I-10 and Ray Road corridor, connecting Tempe, Chandler, Phoenix, and Ahwatukee. The property is 100% leased to two tenants and features a drive-thru. One tenant is Black Rock Coffee Bar (NASDAQ: BRCB), a high-credit, corporate-guaranteed tenant with over 175 locations nationally and 55+ locations in Arizona. According to Placer.ai, this Black Rock Coffee location is the company’s 13th most trafficked location in the nation. All tenants have 10% rent increases every five years in the primary term and option periods. The property benefits from its location at a dynamic retail intersection, with the Chandler Pavilions regional shopping mall to the southwest and adjacent to the Shoppes at Casa Paloma. Notable tenants at the intersection include Lowe’s, AJ’s Fine Foods, Sam’s Club, Home Depot, Pottery Barn, and Ulta Beauty. The property has strong visibility on Priest Drive & Ray Road, with over 66,000 vehicles per day at the intersection. The trade area is highly affluent, with an average household income of nearly $144,000 within a 3-mile radius. It is located a 5-minute drive from Intel Corporation’s Chandler Campus, the company’s second largest site in the U.S. and the largest employer in Chandler with approximately 11,300 employees. The property is less than a half mile from the I-10, with over 191,000 vehicles per day, connecting Tucson to Phoenix. Dense neighborhoods surround the property, with nearly 213,000 residents in a 5-mile radius. The property has a 5.20 Cap and a total area of 5,634 square feet.