2130 Arizona Ave Chandler, AZ 85225-3417

Property Details for 2130 Arizona Ave

Year built

1986

Construction

STEEL FRAME

Lot size

0.87 lot acres

Property size

5,673 SF

Zone code

C-3

Property type

Commercial real estate

APN

302-28-278

APU

30228278

Description

This exceptional investment opportunity presents a brand-new, 2,689-square-foot Starbucks located at 2130 N Arizona Ave, Chandler, AZ 85225. The property boasts a fee-simple ownership structure encompassing both building and land, offering a secure and lucrative investment. A new 10-year absolute NNN lease with Starbucks Corporation (S&P BBB+, Moody's Baa1) is in place, featuring attractive 8% rent escalations every five years. Four additional five-year renewal options further enhance the long-term stability of this investment. The building, constructed in 2024, is a state-of-the-art design incorporating a double drive-thru capable of handling a 20-car stack, maximizing operational efficiency and customer convenience. This prime location on a major thoroughfare (AZ-87/N Arizona Ave) benefits from exceptional visibility and high traffic counts of 68,120 cars per day. The 0.87-acre lot is situated in a high-growth area with a strong demographic profile: a 5-mile radius population of 110,070 and a 1-mile average household income of $147,126. The property's current Net Operating Income (NOI) is $181,036, yielding a compelling 5.15% cap rate. This is a rare opportunity to acquire a high-quality, net-leased property anchored by a globally recognized brand with a proven track record of success. The property is zoned C and offers significant long-term growth potential.

Location Insight

City

Chandler

County

Maricopa

State

Arizona

Longitude

-111.842

Latitude

33.3382

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments