Cap Rate: 4%
Building Size: +/- 830 Sq. Ft.
Land Size: +/- 23,997 Sq. Ft.
Absolute NNN Lease
New 15 Year Lease
Build to Suit – Delivery Anticipated September 2022
Located East of Interstate 17
ORION is pleased to offer for sale the fee-simple interest in a freestanding, single-tenant Black Rock Coffee Bar located in Phoenix, Arizona. The Property should be delivered to Black Rock Coffee Bar in September 2022. Black Rock Coffee Bar is a rapidly expanding coffee concept on the west coast, now with 108 locations. This location will be their newer drive-thru prototype. The Property is positioned east of Interstate 17 (on the going to work side of Glendale) off an exit ramp. Black Rock Coffee Bar has 15 years remaining on a brand-new, absolute triple-net (“NNN”) lease, 10 percent increases every five years, and four, five-year options for renewal, investors will see secure, appreciating cash flows from an expanding tenant in the market.
For more information, contact me!