Description

Cushman & Wakefield is pleased to present the opportunity to acquire a net-leased investment occupied by Starbucks, the world’s leading coffeehouse brand and one of the most recognized consumer retail concepts globally. The property is secured by a corporate-guaranteed net lease, providing investors with a stable and durable income stream backed by a publicly traded company with exceptional brand strength and global scale. Constructed in 2025, the asset features a newly developed drive-thru format with a 10-year primary lease term and scheduled 10% rental increases every five years, offering both long-term stability and built-in income growth potential. Founded in 1971 in Seattle, Starbucks has expanded to more than 40,000 locations across 88 countries, including over 16,800 stores throughout the United States. The company employs more than 381,000 people worldwide, generated approximately $37.2 billion in revenue in 2025, and trades publicly on the NASDAQ: SBUX with a market capitalization exceeding $110 billion. The property is strategically located within the rapidly growing Vistancia trade area in Peoria, adjacent to Vistancia Marketplace and Shops at Vistancia, which are home to national retailers including Safeway, Walgreens, Chase Bank, and Chipotle Mexican Grill. The site also benefits from proximity to Five North at Vistancia, a planned 320-acre mixed-use development featuring retail, hospitality, office, healthcare, educational, and residential components, as well as the nearby TSMC semiconductor campus, a major regional employment catalyst expected to generate thousands of jobs in northern Peoria. The surrounding trade area is supported by more than 81,000 residents within a five-mile radius and strong household demographics, with average household incomes exceeding $170,000 within two miles. This offering represents a rare opportunity to acquire a newly constructed Starbucks investment featuring corporate credit tenancy, contractual rent escalations, and exceptional real estate fundamentals within one of the fastest-growing and most affluent submarkets in the greater Phoenix metropolitan area.