Property profile

710 Un Hls Dr Phoenix, AZ 85024

OFF-MARKET
Strip malls
Property ID
US07-0604017
11,875 SF 6.41 ac lot Built 1989
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This property is a build-to-suit commercial construction originally planned as a Starbucks facility, consisting of an approximately 870-square-foot building built to the company’s newest prototype concept. The design includes a drive-through and a walk-up component, with the drive-through lane configured to accommodate up to 21 vehicles. The site was associated with a long-term, 10-year net lease structure to Starbucks Corporation featuring scheduled rental increases every five years, and the facility is configured for restaurant/coffee service use. Demographic information noted in the listing indicated a population of 286,638 within a 5-mile radius and an average household income of $114,176 within a 1-mile radius (per 2023 data).

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Construction CONCRETE
Total area 11,875 SF
Lot 6.41 ac (279,002 SF)
Zoning code C-2
APN 213-25-001J
UPID US07-0604017

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

710 Un Hls Dr Phoenix, AZ 85024-2996
Phoenix metro Census 616800 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

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Owner & transaction history

since 2023
Last sale
$16.0M
7 recorded transactions
2023
$16.0M
2018
Price N/A
2016
Price N/A
2007
Price N/A
2003
$1.2M
1997
$6.8M
1997
$7.1M

Zoning & alternative use

C-2 · Phoenix, AZ
Zoning description

The purpose C-2 zone is to provide commercial uses of medium intensity designed to be compatible with each other and to provide for a wide range of types of commercial activity within the district

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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