Long-term corporate guaranteed lease with 15 years remaining
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.