Starbucks 28379 N El Mirage Rd 2,400 SF Retail Building Peoria, AZ 85383 $4,725,499 CAD ($1,968.96 CAD/SF) 5.45% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s leading coffeehouse brand and one of the most recognized consumer retail concepts globally. The property is secured by a corporate-guaranteed net lease, offering investors a durable income stream backed by an established public company with significant scale and brand recognition. Built in 2025, the asset features a new construction drive-thru format with a 10-year primary lease term and attractive 10% rental increases every five years, providing both stability and built-in income growth.
Founded in 1971 in Seattle, Washington, Starbucks has grown into the largest coffee retailer in the world, operating more than 40,000 locations across 88 countries, including more than 16,800 stores in the United States. The company employs over 381,000 people and generated approximately $37.2 billion in revenue in 2025. Publicly traded on the NASDAQ under the ticker symbol “SBUX,” Starbucks maintains a market capitalization in excess of $110 billion, reflecting its scale, brand strength, and long-standing position as a dominant player within the global quick-service and beverage sector.
The property is located within the rapidly growing Vistancia trade area. The site is positioned adjacent to Vistancia Marketplace and Shops at Vistancia, which features national retailers including Safeway, Walgreens, Chase Bank, and Chipotle. The asset also benefits from its location near Five North at Vistancia, a 320-acre mixed-use development planned for retail, hospitality, office, healthcare, education, employment, and up to 1,900 luxury residential units. In addition, the property is approximately 15 minutes from TSMC’s massive semiconductor campus, a transformative regional employment driver expected to bring thousands of jobs to northern Peoria. The surrounding trade area is supported by more than 81,000 residents within a five-mile radius and strong average household incomes exceeding $170,000 within two miles.
This offering represents an opportunity to acquire a newly constructed Starbucks investment with corporate credit backing, contractual rent growth, and strong real estate fundamentals in one of the fastest-growing and most affluent submarkets in the Phoenix metropolitan area.