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Long Term Absolute NNN Black Rock Coffee 2260 W Glendale Ave
830 SF Retail Building Phoenix, AZ 85021 £1,549,210 (£1,867/SF) 5.32% Net Initial Yield
Investment Highlights
- Absolute NNN: zero landlord responsibilities
- Long term primary lease - ±13 years remaining
- Corporate Guaranty with one of the largest privately owned coffee companies
- New construction - 2022 completion
- Attractive 10% rent increases every 5 years
- Located across from Washington High School (±1,806 Students)
Executive Summary
• Absolute NNN: zero landlord responsibilities
• New construction - 2022 completion
• Long term primary lease - ±13 years remaining
• 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 locations in 7 states and is one of the largest privately held coffee companies in the country
• 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)
Property Facts
Amenities
- Drive Thru
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
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- -
- -
- -
- -
Black Rock Coffee strives for excellence in everything they do in life. Their crafted drinks are a way they show respect for their customers and themselves. As part of local communities, each Black Rock Coffee Bar team finds ways to serve their neighborhoods. And by doing so they help raise the bar for relationship and compassion. As relationship grows, so does accountability. Black Rock Coffee holds each other to higher standards for the good of all. Whether it be care for nature, care for those in need, or just a sincere desire to see others do well, they learn to expect a lot from each other and a lot for their customers.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
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- | - | - | - |
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Chris Hollenbeck -
Shane Carter -
Cushman & Wakefield
Presented by
Long Term Absolute NNN Black Rock Coffee | 2260 W Glendale Ave
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