Contacts
Diversified Partners
Diversified Partners
Property Details
- Property Type Retail - Restaurant
- Property Size 1,797 SF
- Lot Size 22,651 SF
- Cap Rate % 5.05
- Year Built 2021
- Date Updated Mar 24, 2026
- Investment-grade tenant | world’s largest coffeehouse chain: Lease guaranteed by Starbucks corporation (Nasdaq: SBUX), the global leader in specialty coffee with 40,000+ locations across 80+ countries. Backed by approximately $36.2 billion in annual revenue and over 361,000 employees, Starbucks represents a dominant brand and a premier net-leased investment Opportunity.
- Long-term tenancy with renewal upside: Current lease provides 5 years of remaining term and four (4) additional 5-year options, producing $150,500 in annual base rent with future rental growth potential. Starbucks’ long-term occupancy delivers stable, predictable cash flow.
- Passive NN lease | minimal landlord responsibilities: Double net (NN) structure with the landlord responsible only for structural components, offering a truly passive investment.
- High-traffic intersection in dense infill Trade area: Positioned at a signalized intersection serving two major shopping centers that draw over 1.5 million annual visitors. Surrounded by a dense population exceeding 526,000 residents within five miles, with nearby employment centers and schools supporting all-day demand.
- Proximity to major destinations: Conveniently located one mile west of i-17 and two miles north of Grand Canyon university (25,000+ students), further driving consistent daily traffic to the site.
- Strong location with national Co-tenancy: Situated within a busy neighborhood shopping center anchored by food city (#3 in phoenix), dollar tree, five below, and Wells Fargo, ensuring steady daily Traffic and a strong retail draw.
- Land Area: ±22,651 SF (±0.52 Acres)
- Cross Streets: Glendale Ave & 35th Ave
Reach out to the broker for more info on lease terms and amenities
Getting around
-
71/100
Walk Score ®
-
40/100
Transit Score ®
-
62/100
Bike Score ®
Location
- City Phoenix, AZ
- Neighborhood Alhambra
- Zip Code 85051
- Market Phoenix
Points of Interest
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Glendale/ 19th Ave
2.03 miles
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Northern/ 19th Ave
2.23 miles
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19th Ave/ Montebello
2.39 miles
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19th Ave/ Dunlap
2.78 miles
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19th Ave/ Camelback
2.90 miles
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7th Ave/ Camelback
3.61 miles
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Central Ave/ Camelback
4.02 miles
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Campbell/ Central Ave
4.37 miles
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Indian School/ Central Ave
4.61 miles
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Osborn/ Central Ave
5.04 miles
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76
0.06 miles
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Grand
0.07 miles
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QuikTrip
0.11 miles
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Circle K
0.99 miles
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Arco
1.34 miles
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Blink
1.74 miles
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Phoenix - North 19th Avenue Supercharger
2.38 miles
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Tesla Supercharger
3.07 miles
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ChargePoint
4.80 miles
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EVgo
5.00 miles
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Grove Parking Garage
1.60 miles
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Halo Parking Garage
1.73 miles
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Missouri Garage
1.76 miles
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75 - Rivers Parking Garage
1.79 miles
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33rd Ave Parking Garage
2.00 miles
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31st Ave Garage
2.05 miles
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29th Ave Garage
2.09 miles
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19th Ave and Montebello Park and Ride
2.50 miles
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Parking - Arizona Federal Credit Union
2.62 miles
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Parking - Village at Olive Marketplace
2.91 miles
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Taco Bell
0.05 miles
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BoSa
0.06 miles
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Arby's
0.07 miles
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Taco Mitch
0.08 miles
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Domino's
0.10 miles
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Sinbad's Restaurant
0.12 miles
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Subway
0.12 miles
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The Cracked Egg
0.12 miles
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McDonald's
0.88 miles
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Bobaholic Milk Tea Lounge
0.93 miles
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Food City
0.08 miles
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Ranch Market
0.14 miles
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Walmart Supercenter
0.86 miles
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Super 99 Center
1.36 miles
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Fry's Food and Drug
1.40 miles
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Big Lots
1.72 miles
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Lams Market
1.97 miles
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Sprouts Farmers Market
2.22 miles
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Albertsons
2.37 miles
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Ross
2.41 miles
