Scottsdale, AZ
Price: $2,750,000
Cap Rate: 4.00%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively present the sale of a brand new single tenant net leased Black Rock Coffee Bar located at 7000 East Shea Boulevard Scottsdale, AZ 85254.  The tenant opened for business in April of 2022 within the Phoenix MSA, the 10th largest in the U.S. The property features a long-term corporate guaranteed lease with 15 years remaining and 10% rental increases every 5 years and in renewal periods. The property is located on an infill hard corner at the signalized intersection of Shea Blvd & 70th St with a high traffic corridor of over 49,000 VPD.

The property is located within the Paradise Valley neighborhood, Arizona’s wealthiest municipality, with an average annual household income of $145,913. It is just blocks north from Chaparral High School (~2,300 students). Retailers in the immediate corridor include Safeway, Harkins Theatres, Total Wine, Walgreens, Bank of America, CVS, McDonalds, and many others.

  • Long-term corporate guaranteed lease with 15 years remaining
  • 10% rental increases every 5 years and in renewal periods
  • Brand new building with drive-thru
  • Tenant opened for business in April 2022
  • Located within the Phoenix MSA, the 10th largest in the U.S.
  • Outparcel to Block 7000, a mixed-use redevelopment in the heart of Scottsdale
  • Infill hard corner at the signalized intersection of Shea Blvd & 70th St
  • High traffic corridor with over 49,000 VPD
  • Located within the Paradise Valley neighborhood, Arizona’s wealthiest municipality, with an average annual household income of $145,913
  • Just blocks north from Chaparral High School (~2,300 students)
  • Retailers in the immediate corridor include Safeway, Harkins Theatres, Total Wine, Walgreens, Bank of America, CVS, McDonalds, and many others

OFFERING SUMMARY

Price: $2,750,000
Cap Rate: 4.00%

Building Size: 1,977 SF
Land Size:
0.58 AC

INVESTMENT CONTACT

ROBERT EDWARDS
Managing Partner
Investment Sales
720.966.1630
Robert@BlueWestCapital.com

TOM ETHINGTON
Managing Partner
Investment Sales
720.966.1624
Tom@BlueWestCapital.com

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2022-05-26T08:55:17-07:00
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