3202 Shea Blvd, Phoenix, AZ 85028-3302

This exceptional investment opportunity presents a brand-new, 2,400 square foot Starbucks located in a high-traffic area of Phoenix, Arizona. Built in 2021, this Class A property boasts a 10-year net lease with a credit-rated tenant, ensuring consistent cash flow. Situated at the signalized intersection of E Shea Boulevard and N 32nd Street (over 41,300 vehicles daily), the property benefits from high visibility and accessibility. As an outparcel to a Bashas Grocery-anchored shopping center, it enjoys synergistic traffic and crossover shopping opportunities. The strong demographics are undeniable, with an average household income exceeding $115,500 within a 1-mile radius and nearly 275,000 residents within a 5-mile radius. The current NOI is $128,000, with a pro-forma NOI of $137,600, reflecting an attractive 4.13% cap rate and a pro-forma cap rate of 4.44%. The property's 100% occupancy and upcoming rent bumps further enhance its investment appeal. This is a rare chance to acquire a stable, high-performing asset in a thriving Phoenix market. The asking price is $3,100,000.