Black Rock Coffee Bar - Scottsdale

8700 E Thomas Rd Scottsdale , AZ 85251-5073

Black Rock Coffee Bar - Scottsdale - retail for sale

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Overview



Free-standing, single-tenant Black Rock Coffee Bar for sale, located right off the exit ramp of Scottsdale’s busiest highway, AZ 101 Loop. Black Rock Coffee Bar is rapidly expanding on the west coast, and now has over 60 locations, their first in Scottsdale. Includes a double-lane drive through ordering system for efficient traffic flow and increased order capacity. Scottsdale is a prime area in the Phoenix MSA, with an average household income of nearly $115,000. 

Investment highlights


  • Fee simple interest
  • Property is subject to an absolute NNN lease structure with 15 years remaining
  • Rental increases of 10% every 5 years and two 5-year options for renewal
  • Construction was built to suit Black Rock Coffee Bar
  • Ideal passive, long-term investment
  • Store performance reported to the landlord twice a year
General
Property type Retail
Tenure type Sale/Purchase
Property address 8700 E Thomas Rd, Scottsdale, AZ 85251-5073
Land in acres 0.6
Building size 1,887  ft2
Year built 1969
Financial
Price $2,152,380
Cap rate 5.25%
Current NOI $113,000.00
Lease
Tenant's name Black Rock Store Operations, LLC
Lease type NNN
Annual rent $113,000.00
Lease expiration date 06/30/2034
Remaining term 14.8Yrs

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