Overview
Introducing Black Rock Coffee Bar, a prime investment opportunity in the heart of Phoenix, Arizona! This absolute NNN leased property is exclusively offered for sale. Situated at 2260 W Glendale Ave, this brand new construction offers an impressive 15-year primary lease with attractive 10% rent increases every 5 years. With a cap rate of 5.00%, the current net operating income is $105,000. This ±830 SF building sits on a ±0.56 AC (±24,394 SF) lot, giving it excellent visibility and accessibility.
Located on a hard corner with significant frontage on Glendale Ave, a major Phoenix thoroughfare, this property benefits from a high traffic count of ±45,318 VPD. It is also strategically positioned within 2 miles of popular shopping centers, schools, and universities, ensuring a steady stream of customers. Don't miss out on this lucrative investment opportunity with Black Rock Coffee Bar! Contact us today to learn more about this sought-after property.
Investment Highlights
INVESTMENT HIGHLIGHTS
• Absolute NNN: zero landlord responsibilities
• Brand new construction - 2022 completion
• ±15 year primary lease
• Attractive 10% rent increases every 5 years
TENANT HIGHLIGHTS
• Corporate Guaranty with one of the largest privately
owned coffee companies
• Ranked one of America’s fastest growing private companies by Inc. Magazine’s 5000 Annual List in 2022
• Black Rock has ±135 location in 7 states with plans to have approximately 10 locations in every western state in the next 5 years
• www.br.coffee
LOCATION HIGHLIGHTS
• Less than 2 miles from Grand Canyon University (±9,000 New Students for the 2022-2023 School Year. ±25,000 Campus Based Students)
• Located across from Washington High School (±1,806 Students)
• Less than 2 miles from Spectrum Shopping Mall, Bethany Towne Center, Los Altos Ranch Market, Palm Glen Shopping Center and more
• Hard corner location with frontage on Glendale Ave, a major Phoenix thoroughfare (±45,318 VPD)
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