ORION Investment Real Estate is pleased to announce the successful sale of a single-tenant, net-leased Starbucks property located at 515 E Wickenburg Way, Wickenburg, Arizona 85390. The ±3,000-square-foot building sold for $2,250,000.
The property is secured by a corporate-guaranteed net lease with Starbucks Corporation, the world’s leading coffee retailer, providing investors a stable and predictable income stream backed by an investment-grade tenant. Starbucks opened at this location in 2023. It underwent a complete renovation prior to Starbucks occupancy by a premier local developer (SIMON CRE). The site benefits from strong visibility along a major Wickenburg thoroughfare and a larger-format drive-thru design.
“This was my client’s first commercial real estate investment property,” said Nick Miner, CCIM, Senior Vice President at ORION Investment Real Estate. “It was an absolute blast helping him navigate the process and ultimately end up at a successful closing. I am looking forward to helping him with the next one.”
For more information about this sale or to inquire about other opportunities, please contact Nick Miner, CCIM, at ORION Investment Real Estate.
The buyer, 515 Wickenburg, LLC was represented by Nick Miner, CCIM, with ORION Investment Real Estate
The seller, Coakley Investment Company, was represented by Chris Hollenbeck and Shane Carter of Cushman & Wakefield.
For more information about this sale or to inquire about other opportunities, please contact Nick Miner, CCIM, at ORION Investment Real Estate.
RELATED LINKS:
Single-Tenant, Corporate-Guaranteed Starbucks Property Sells in Arizona – Real Estate Daily News
Miner reps buyer of Starbucks property in Wickenburg – Rose Law Group Reporter