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Starbucks 7824 E 32nd St 2,051 SF Retail Building Yuma, AZ 85365 $3,523,842 CAD ($1,718.11 CAD/SF) 5.50% Cap Rate
Investment Highlights
- 8 Years Remaining on Corporate Lease with Starbucks (NASDAQ: SBUX)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- 44,047 Residents within a 5-Mile Radius - Growing Yuma Trade Area
- Top 25th Percentile Nationwide for Visits per Placer.ai
- New 2024 Construction with a Drive-Thru
- Situated Immediately Off the I-8 Freeway, a Major Connector Providing a Direct Route Between Phoenix and San Diego
Executive Summary
Starbucks (NASDAQ: SBUX) is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, the company purchases and roasts high-quality coffees that they sell, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through company-operated stores.
The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season.
The City of Yuma is nestled right in the southwest corner of Arizona, bordering California and Mexico. Home to over 100,000 residents, the population nearly doubles during the winter season.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,051 SF
Building Class
B
Year Built
2024
Price
$3,523,842 CAD
Price Per SF
$1,718.11 CAD
Cap Rate
5.50%
NOI
$193,770 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.45 AC
Zoning
B-2
Parking
26 Spaces (12.68 Spaces per 1,000 SF Leased)
Frontage
308’ on East 32nd Street
Amenities
- Restaurant
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 698-32-013 | Improvements Assessment | $120,082 CAD |
| Land Assessment | $23,958 CAD | Total Assessment | $144,040 CAD |
Property Taxes
Parcel Number
698-32-013
Land Assessment
$23,958 CAD
Improvements Assessment
$120,082 CAD
Total Assessment
$144,040 CAD
Contacts
-
Nick Christifulli -
Mark Ruble -
Christopher Lind -
Zack House -
Ryan Sarbinoff -
Marcus & Millichap
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Starbucks | 7824 E 32nd St
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