Tolleson, AZ - Starbucks

Description:

• The tenant, Starbucks Corporation, recently signed a 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 during the initial term and at the beginning of each option period, hedging against inflation
• The site has 2024 construction with the brands new modern store design

• The property is located near on/off ramps of Interstate-10 (273,000 VPD), a heavily trafficked highway connecting the site directly to downtown Phoenix
• Starbucks receives crossover retail exposure from position on N. 91st Avenue (26,300 VPD) adjacent to McDonald’s, QuikTrip, and a future commercial site
• Directly across from the Residence at Tolleson apartments (442 units)
• At the center of a dense retail corridor along I-10 featuring top retail centers including the Desert Sky Mall (6.3M+ annual visits), the Gateway Pavilions (4.9M+ annual visits), and the Gateway Crossing (4.5M+ annual visits)
• Nearby retailers include Costco, Sam’s Club, Walmart, and Home Depot