Starbucks in Sedona
OFFERING MEMORANDUM
SEDONA ARIZONA Only Drive-Thru Free Standing Starbucks in Sedona
CONFIDENTIALITY AND DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
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(NEED TO UPDATE)
M O H AV E
66
Williams
64
89 180
T68 ABLE OF Kingman CONTENT40S
40
Flagstaff
Bullhead City
Investment Summary..........................................1
Investment40Highlights.........................................2 Aerial Map..........................................................5
Tenant Summary.................................................7
95
Site Plan............................................9.3..............11 Bagdad
AreaLMakeaHpa.v.a.s.u..C.i.ty..................................................13
Location Overview.............................................15
Location Highlights............................................16
Demographics...................................................18
Parker
71
93
89 Chino Valley
Clarkdale
Jerome Cottonwood 89A
279
89A Sedona
17
Prescott Valley
Prescott
Camp Verde
69 89
YAVA PA I
87
Payson 87
72 95
LA PAZ
60
Wickenburg
17
Cave Creek
188 87
10
95
60
10
60 Sun City West
M A R I C O PA
Surprise El Mirage
Sun City
Youngtown Peoria
Luke AFB Glendale
Fountain Hills
Paradise Valley
88
Litchfield Park
Goodyear Avondale
Tolleson Cashion
85
Scottsdale
Phoenix
Tempe 60
Mesa
Dreamland-Velda Rose Apache Junction
Buckeye
Guadalu8p7e Gilbert
Chandler
10
Williams AFB
60
Sun Lakes
85
87
89
Sacaton
Winsl 87
260
88
Claypool Central Heights MiamiGlobe
Superior
177
77
Kearny
INVESTMENT SUMMARY
1885 W HIGHWAY 89A, SEDONA, AZ 86336
PRICE: $3,657,895
OVERVIEW
Price Gross Leasable Area (GLA) Lot Size (approx.) Net Operating Income CAP Rate Year Built / Renovated
LEASE ABSTRACT
Lease Type Lease Term Remaining Lease Start Lease Expiration Renewal Options Increases Landlord Obligation
CAP: 3.80%
RENT: $139,000
$3,657,895 3,070 SF
0.58 Acres $139,000 3.80% 2013
ANNUALIZED OPERATING DATA
Lease Term Current 3/2021 Option 1 Option 2 Option 3 Option 4
Annual Rent $139,000 $152,000 $168,190 $185,009 $203,510 $223,861
NN 10 Years 9/21/2015 2/28/2026
4X5 See Sidebar Roof & Structure
1
INVESTMENT HIGHLIGHTS
Located at the corner of 89A & Kalof Place. Opposite corners are Natural Grocers, Walgreens, Subway and Goodwill anchored strip center, Domino's Pizza, and a Hampton's Inn Sedona. Bank of America is down the street, and Sedona Artist Market is 1 block to the west. A Safeway anchored center is located 2 blocks to the west, which also has a McDonald's outpad. Four blocks to the east is a Whole Foods and a Best Western Inn. Basha's and Safeway both have a Starbucks kiosk in their markets but this freestanding Starbucks is the only location with a drive-thru.
2
Strong visibility with over 30,000 vehicles passing in front of or near the site daily
Strict building laws in the region prohibits any other
drive-thru to be built
Affluent residential community where average
household income exceeds $92,037
Red Rock State Park and the crimson desert trails draw toursists and hikers from all over the world
Located just 7 miles from Sedona's famous Red Rock
State Park trail head
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