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Corporate Starbucks Drive-Thru | Tucson, AZ 6363 N La Cholla Blvd 2,020 SF Retail Building Tucson, AZ 85741 $3,538,049 CAD ($1,751.51 CAD/SF) 5.18% Cap Rate
Investment Highlights
- Top-Performing Corporate Starbucks Location
- High-Value Drive-Thru Real Estate with 45,000 VPD
- Directly Across From Northwest Medical Center, a Major Regional Medical Campus
- Corporate Starbucks Tenancy With Long-Term Extension Potential
Executive Summary
Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell Inc., as exclusive advisors to Seller, are pleased to present the opportunity to acquire the fee simple interest in a high-performing, corporate leased Starbucks located at 6363 N. La Cholla Boulevard in Tucson, Arizona. Offered at $2,550,000, the property generates $132,000 in annual net operating income, representing a 5.18% cap rate.
Starbucks operates under an NN lease through February 29, 2028, with four (4) additional 5-year extension options. Rent increases by 10% at the beginning of each option period, providing the potential for long-term income growth. The lease contains no early termination rights, right of first offer, or right of first refusal.
The subject property consists of an approximately 2,020-square-foot drive-thru building situated on 0.85 acres along North La Cholla Boulevard, a highly traveled arterial carrying more than 45,000 vehicles per day. Positioned directly across from Northwest Medical Center, the location benefits from excellent visibility, convenient access, and consistent traffic generated by the surrounding medical, retail, and residential communities.
While the lease has approximately 18 months of remaining term, the store’s strong visitation, established operating history, corporate tenancy, and strategic real estate position provide a compelling combination of current income and potential value creation through a future lease extension.
Starbucks operates under an NN lease through February 29, 2028, with four (4) additional 5-year extension options. Rent increases by 10% at the beginning of each option period, providing the potential for long-term income growth. The lease contains no early termination rights, right of first offer, or right of first refusal.
The subject property consists of an approximately 2,020-square-foot drive-thru building situated on 0.85 acres along North La Cholla Boulevard, a highly traveled arterial carrying more than 45,000 vehicles per day. Positioned directly across from Northwest Medical Center, the location benefits from excellent visibility, convenient access, and consistent traffic generated by the surrounding medical, retail, and residential communities.
While the lease has approximately 18 months of remaining term, the store’s strong visitation, established operating history, corporate tenancy, and strategic real estate position provide a compelling combination of current income and potential value creation through a future lease extension.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,020 SF
Building Class
B
Year Built
2017
Price
$3,538,049 CAD
Price Per SF
$1,751.51 CAD
Cap Rate
5.18%
NOI
$183,146 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.85 AC
Zoning
CB-1
Frontage
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $216,596 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$216,596 CAD
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Corporate Starbucks Drive-Thru | Tucson, AZ | 6363 N La Cholla Blvd
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