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515 E Wickenburg Way
Wickenburg, AZ 85390
Starbucks · Retail Property For Sale


Investment Highlights
- 10% rent increase every 5 years
- Below market rents
- Starbucks invested $3,000,000+ in tenant improvements
- Corporate guaranty
- Located in an opportunity zone
- ±1.40 acre lot with frontage on major Wickenburg thoroughfare
Executive Summary
Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Starbucks, the world’s largest coffeehouse chain and one of the most recognized consumer brands globally. The property is secured by a corporate guarantee from Starbucks Corporation and features a net lease structure with minimal landlord responsibilities, providing investors with a durable and passive income stream backed by a proven national operator. The lease commenced in August 2023 and includes attractive 10% rental increases every five years throughout the primary term and option periods, creating built-in income growth over the hold period.
Founded in 1971 in Seattle’s Pike Place Market, Starbucks has grown into a global retail platform with 40,990 stores worldwide as of fiscal year-end 2025 and generated approximately $37.18 billion in total net revenues during fiscal 2025. Starbucks’ scale, brand equity, and longstanding market presence continue to position the company as a dominant force within the quick-service coffee segment and a highly desirable net lease tenant for private and institutional investors alike.
The subject property is strategically located along Wickenburg Way/US-60, one of the community’s primary commercial corridors, and benefits from strong visibility, direct frontage, and convenient drive-thru access. Situated on approximately 1.40 acres and improved with a ±3,000-square-foot building renovated in 2023, the asset represents a larger-format Starbucks prototype in a gateway location serving both local traffic and travelers along the US-60 Highway. The property is further enhanced by Starbucks’ reported investment of more than $3,000,000 in tenant improvements, underscoring the company’s long-term commitment to the site.
With an opportunity zone location and strong household incomes within the surrounding trade area, the asset offers investors a compelling combination of high-quality real estate, corporate-backed tenancy, and long-term income stability.
Founded in 1971 in Seattle’s Pike Place Market, Starbucks has grown into a global retail platform with 40,990 stores worldwide as of fiscal year-end 2025 and generated approximately $37.18 billion in total net revenues during fiscal 2025. Starbucks’ scale, brand equity, and longstanding market presence continue to position the company as a dominant force within the quick-service coffee segment and a highly desirable net lease tenant for private and institutional investors alike.
The subject property is strategically located along Wickenburg Way/US-60, one of the community’s primary commercial corridors, and benefits from strong visibility, direct frontage, and convenient drive-thru access. Situated on approximately 1.40 acres and improved with a ±3,000-square-foot building renovated in 2023, the asset represents a larger-format Starbucks prototype in a gateway location serving both local traffic and travelers along the US-60 Highway. The property is further enhanced by Starbucks’ reported investment of more than $3,000,000 in tenant improvements, underscoring the company’s long-term commitment to the site.
With an opportunity zone location and strong household incomes within the surrounding trade area, the asset offers investors a compelling combination of high-quality real estate, corporate-backed tenancy, and long-term income stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
B
Year Built
1989
Price
$3,097,193 CAD
Price Per SF
$1,032.40 CAD
Cap Rate
6%
NOI
$185,832 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.46 AC
Opportunity Zone
Yes
Zoning
C-3, Wickenburg
Parking
43 Spaces (14.33 Spaces per 1,000 SF Leased)
Frontage
72’ on Wickenburg Way
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 505-26-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $131,178 CAD |
Property Taxes
Parcel Number
505-26-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$131,178 CAD
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