Property Details for 1207 91St Ave

Year built

2024

Lot size

0.75 lot acres

Property size

1,470 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a brand-new, single-tenant, free-standing Starbucks building in Tolleson, Arizona. The property boasts a rare 15-year corporate-guaranteed net lease with a prominent location along Interstate 10, benefiting from high visibility and significant daily traffic volume exceeding 240,000 vehicles. The 1,470 square foot building, constructed in 2024, includes a drive-thru and patio, maximizing operational efficiency and customer convenience. Situated on a 0.75-acre lot at 1207 N 91st Ave, Tolleson, AZ 85353 (APN 102-47-092), this property offers excellent access and visibility from 91st Avenue, with approximately 22,844 vehicles passing daily. The property benefits from a strong demographic profile, with over 345,000 residents and nearly 76,000 employees within a 5-mile radius, boasting an average household income exceeding $89,000. The strategic location is less than one mile from the Loop 101 and I-10 interchange, further enhancing accessibility. The asking price is $3,641,000, representing a 5.15% cap rate and a price per square foot of $2,476.87. The property generates a net operating income (NOI) of $187,500. This investment is further strengthened by Starbucks' robust financial performance and expansion plans, with the company operating over 38,500 stores globally and planning to expand to 55,000 by 2030. Rent bumps are included in the lease agreement. This is a truly exceptional opportunity to acquire a high-performing, investment-grade asset with a long-term, secure lease.

Location Insight

City

Tolleson

County

Maricopa

State

Arizona

Longitude

-112.255

Latitude

33.4606