Sedona, AZ - Black Rock Coffee

Description:

Brand New 15-Year NNN Lease | Corporate Guaranty | Frontage to 26,800 VPD | World-Renowned Sedona Tourism & Wellness Destination (3.2 M Annual Vistors) SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Rock Coffee investment property located in Sedona, AZ. The tenant, Black Rock Store Operations LLC (corporate entity), recently signed a brand new 15 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Black Rock Coffee Bar is located along the hard corner of State Route 89A and Posse Ground Road (26,800 VPD), the major retail and tourism thoroughfare serving the city of Sedona. The asset is positioned within West Sedona’s core retail trade area, adjacent to Sedona Village Shopping Center, a Bashas’-anchored center that also features national/credit tenants including Goodwill, O’Reilly Auto Parts, Bealls and H&R Block. The property sits directly across from Sedona Safeway Plaza, a Safeway grocery-anchored center that also includes PetSmart and Staples, and is in close proximity to a Whole Foods Market. The site is in the center of Sedona’s primary retail corridor with other nearby national/credit tenants including Starbucks, CVS, Walgreens, McDonald’s, Harkins Theatres, Chase, Wells Fargo and Verizon, further increasing consumer traffic to the site. State Route 179 (19,000 VPD) provides additional regional access, connecting the corridor to the Village of Oak Creek and the broader Verde Valley. As one of the most visited destinations in the Southwest, Sedona draws approximately 3.2 million visitors annually to its world-renowned red rocks and premier wellness and resort market — home to destination properties such as Enchantment Resort & Mii amo (Travel + Leisure’s #1-rated U.S. spa), the Hilton Sedona Resort and L’Auberge de Sedona — generating substantial year-round tourism demand alongside the Sedona Airport (35,000 annual flights). The 5-mile trade area is supported by a population of over 11,300 and a daytime workforce of more than 10,000 employees, with a strong average household income exceeding $121,000.

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Listing ID: a28TP0000031Yp7YAE