2130 Arizona Ave Chandler, AZ 85225-3417
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Value estimations
Owner & transaction history
Zoning & alternative use
ordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1305. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIV. -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-3 · Chandler, AZordance with Article XVIII of this Code. (Ord. No. 3063, § 3, 11-18-99) 35-1305. - Site development. All buildings shall be in accordance with Article XIX of this Code. (Ord. No. 4931, § 2(Exh.), 8-13-20) ARTICLE XIV. -…
Zoning
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Zoning designation
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The district profile from the municipal source: what is on file for C-3 in Chandler, AZ.
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