Starbucks - Sedona, AZ
1885 W State Route 89A Sedona , AZ 86336-5557

Starbucks - Sedona, AZ - retail for sale

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Overview



Starbucks location for sale, strategically positioned on the primary thoroughfare of Sedona, Arizona. The property is subject to NN lease from Starbucks Corporation, Inc. possessing 10% rental escalations. Starbucks Corporation operates under the investment-grade backing of a corporate guarantee from the largest coffee provider in the world. Named the 'Most beautiful place in America' by USA Weekend, Sedona draws over three million tourists in a year and the property possesses strong real estate fundamentals and long-term intrinsic value. The offering presents the opportunity to acquire a property leased to the preeminent coffee operator on one of the most frequented thoroughfares of Sedona, Arizona. 


Investment highlights


  • Only freestanding drive-thru Starbucks in Sedona
  • Extremely high barrier to entry retail market
  • Strategically positioned alongside national brands such as Whole Foods, Safeway & Walgreens
  • Affluent local population (AHHI > $97,000) and growing tourist base 
  • Investment-grade corporate guarantee with 10% rental escalations every 5 years


General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 1885 W State Route 89A, Sedona, AZ 86336-5557
Land in acres 0.58
Building size 3,070  ft2
Year built 2015
Financial
Price $3,475,000
Cap rate 4.40%
Current NOI $152,900.00
Lease
Tenant's name Starbucks Corporation
Credit rating (Moody's) Baa1
Lease type NN
Annual rent $152,900.00
Lease expiration date 02/28/2026
Remaining term 6.2Yrs

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