56th Ave And Baseline Rd Phoenix, AZ 85339
- Retail properties
- 664 SF
Current Use by Public Records
- Retail properties
Property Details for 56th Ave And Baseline Rd
- Property size
- 664 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 664-square-foot Scooter's Coffee property located at the southwest corner of 56th Avenue and Baseline Road in Laveen, Arizona (85339), within the Phoenix MSA. The property features a brand-new building with a 15-year absolute triple-net (NNN) ground lease, offering a secure, hands-off investment. The lease includes a strong personal guaranty from the franchisee, mitigating risk. The annual net operating income (NOI) is $85,000, resulting in a 6.00% capitalization rate on the $1,416,667 asking price. Rent increases are built in, with a 10% increase every five years, ensuring consistent growth in cash flow. The lease also includes three, five-year renewal options, providing long-term stability. The property benefits from its location in a rapidly growing area with average household incomes exceeding $136,000 annually. Landlord responsibilities are zero, making this an ideal passive income investment. This is a rare opportunity to acquire a high-performing, low-maintenance QSR investment in a prime location. The Maricopa County property (APN 300-02-061C) offers significant potential for long-term appreciation and strong returns.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.18
- Latitude
- 33.3775
