APACHE JUNCTION, AZ – [October 3, 2024] – Blue West Capital has completed the sale of a newly constructed, single-tenant net lease Gravity Coffee located at 1525 West Apache Trail, Apache Junction, AZ. Josh Lorenzen and Tom Ethington, of Blue West Capital, represented the 1031 exchange buyer, a Colorado-based individual. The seller was an Arizona-based developer.
Gravity Coffee benefits from excellent visibility along West Apache Trail, with over 31,000 vehicles passing daily. The newly constructed property ensures no deferred maintenance and features a triple net lease with 24 years remaining on the primary term, offering a long-term, passive investment with a strong and growing tenant. The corporately guaranteed lease also includes scheduled rent increases, providing a hedge against inflation.
Located in a thriving submarket, the property is supported by over 66,000 residents within a three-mile radius, with an average household income of $74,000. The area has experienced a 2.5% annual population growth from 2020 to 2024, with a projected increase of 4.0% from 2024 to 2029.
We tailored a custom acquisition strategy based on the buyer’s long-term goals, focusing on demographics, tenant quality, service-based tenancy, location, surrounding retail, access, and more. After analyzing 47 single-tenant properties throughout the Mountain West, this location stood out as the ideal match. The growing population and strong demographics will continue to support the value of the property and the success of the tenant at this location.
Josh Lorenzen, Associate
PR Contact
Josh Lorenzen
(720) 821-2520
Josh@BlueWestCapital.com
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