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SRS is offering the rare opportunity to acquire the fee simple interest (land and building) in a 100% occupied, drive-thru Starbucks-anchored four tenant pad, located in Chandler, AZ (Phoenix MSA). The subject property is an outparcel pad to a Safeway Grocery and Home Depot-anchored center. The tenants are drive-thru Starbucks (corporate, S&P rating: “A-”) Lasik (corporate), Great Clips (franchisee), and Yogi’s Grill (franchisee). Starbucks, Lasik Plus, and Yogi’s Grill all feature recent long-term 10-year leases and rent increases in year 6 which generate NOI growth and hedge against inflation. Additionally, all the tenants are on net leases, reimbursing for taxes, insurance and common area maintenance, limiting expense leakage for a new investor.
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1245 W Chandler Blvd
Listing Type:Building for Sale
1245 West Chandler Boulevard, Chandler, AZ 85224