STNL BLACK ROCK COFFEE | ABSOLUTE NNN LEASE 6016 S 7th Ave 646 SF Retail Building Phoenix, AZ 85041 $2,524,000 ($3,907.12/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 15-year absolute NNN corporate lease; landlord has ZERO responsibilities
- Attractive 10% increases every 5 years through the primary term and four, five-year option periods, providing predictable revenue growth
- With 17 years in the business, Black Rock Coffee has 150 locations across 7 states and growing
- Pad to the 2nd strongest Food City in Arizona by traffic volume, according to Placer.ai
- New construction freestanding building with double drive-thru and walk-up window
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
646 SF
Building Class
C
Year Built
2025
Construction Status
Under Construction
Price
$2,524,000
Price Per SF
$3,907.12
Cap Rate
5.25%
NOI
$132,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.76 AC
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Black Rock Coffee
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Black Rock Coffee | Retailer | 99,999 SF | - | Lorem Ipsum | - |
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 105-83-395 | Improvements Assessment | $0 |
| Land Assessment | $67,501 | Total Assessment | $67,501 |
