Starbucks For Sale Tempe AZ - Starbucks for sale in a very dense infill location in Tempe. Starbucks sits as a pad to a newly remodeled Bashas anchored shopping center called Cobblestone Village. Starbucks is also adjacent to a Wells Fargo bank pad. Brand new 2014 constructed Starbucks opened for business as of September of 2014. The building is approximately 2,720 rentable square feet on approximately 32,452 square feet of land. This is a brand new 10 year lease with Starbucks. This Starbucks investment offers a corporate guarantee by Starbucks Corporation. Starbucks has an investment grade credit rating of A-. Starbucks has approximately 21,000 locations in over 65 countries worldwide. Tempe is centralized within the Phoenix metropolitan area and real estate values are enhanced due to lack of nearby land available for development. Tempe is home to the new State Farm Insurance campus that will bring 10,000 total jobs to the market by 2017. Tempe is also home to Arizona State University, with an estimated 76,000 students and 11,185 employees. The Property is strategically located in a densely populated area that is home to approximately 111,585 residents in a three mile radius and 304,949 residents within a five mile radius. This Starbucks For Sale Tempe AZ has an average household income in a one mile radius of $109,905. There is also a large employment center with approximately 91,066 jobs within a three mile radius and 227,480 jobs within a five mile radius (SOURCE: Nielsen). The ASU research park (1 mile east) is one of the most highly improved office parks in the Phoenix area. Employers in the park include: Air Products, ASU Macro Technology, Avnet Technology, Edward Jones, Go Daddy, Infocrossing, Transamerica Research Center, US Foods, ViaSat, Walgreens and more. The traffic counts on Warner Road are estimated at 25,922 vehicles per day. The traffic counts at the intersection are estimated to total 46,624 vehicles per day (SOURCE: Costar). This Starbucks is located only 1 mile west of the 101 freeway and 3 miles east of the I-10 freeway. Investment Highlights Dense infill Tempe investment opportunity Starbucks corporate guarantee Brand new 2014 construction and 10 year lease Very high average household income in a one mile radius of $109,905 Major employment in the submarket; 91,066 jobs in a three mile radius Over 46,624 vehicles per day at the intersection Starbucks is publicly traded (Nasdaq Symbol: SBUX) with a S&P A- investment grade credit rating Starbucks has approximately 21,000 locations with 182,000 employees Starbucks For Sale Tempe AZ
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