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|Last Updated Date||13 Jul 2020|
JLL is pleased to offer for sale the fee-simple interest in a newly-constructed, freestanding Black Rock Coffee Bar located in Scottsdale, Arizona. Black Rock Coffee Bar is a rapidly expanding coffee concept on the west coast with over 60 locations. This location will be their eighth in Arizona and second in Scottsdale, the premier retail location of the Phoenix MSA. With a lack of competition and strong demand for a drive-thru coffee location in the market, Black Rock will benefit from its easy access to and from Shea Boulevard. Black Rock is strategically positioned off Shea Boulevard (41,000 VPD), offering seamless ingress/egress to those on-the-go. Additionally, the asset’s adjacent retail center is anchored by Mountainside Fitness, Cold Beers & Cheeseburger and several more tenants that attract additional traffic into the area.
The property is well-positioned to thrive in a hot and growing Scottsdale market and presents investors with an opportunity for secure, growing cash flows in an ultra high net worth market.
- NNN lease of 15 years, 10% increases every 5 years
- Ideal passive, long-term investment with two, 5-year renewal options
- Nearly 40,000 people within a 3-mile radius earning $160,000 annually
- Surrounding market projected to grow at 1.5x the national rate
- Strategically positioned off Shea Boulevard (41,000 VPD)