Starbucks 123 Phoenix Rd 2 200 pi² Commerce de détail Immeuble Phoenix, OR 97535 3 333 480 $ CAD (1 515,22 $ CAD/pi²) 5,50% Taux de capitalisation

Northmarq is pleased to present a brand-new 2025 build-to-suit Starbucks on a 10-year NNN lease (BBB+ S&P), featuring 10% rent increases every five years, including at the start of each of four five-year options. The asset occupies a prominent, signalized hard corner at Pacific Hwy (15,100 VPD) and N Phoenix Rd (12,476 VPD) with immediate access to I-5 Exit 24 (35,000+ VPD), delivering exceptional visibility and regional connectivity. The Property benefits from daily needs co-tenancy—across from Ray’s Food Place (180K+ annual visits) and proximate to McDonald’s, Dutch Bros, and a high-performing Home Depot (800K+ annual visits last 12 months per Placer.ai). As the only Starbucks in Phoenix—retained by the tenant while it rationalized the trade area by closing one Ashland store and three Medford stores—this location captures consolidated demand and durable customer traffic. This is the first freeway-access Starbucks from the California border. Positioned as Phase I of a larger master plan, the Offering provides stable, investment-grade cash flow today with upside from future complementary pad development.