Starbucks

Starbucks – Single Tenant Net Lease Investment
Maricopa, Phoenix–Mesa–Chandler MSA, AZ | Freestanding Drive‑Thru Coffee Shop | Absolute NNN Lease | Passive Income Opportunity

This investment opportunity features a freestanding Starbucks located in the growing city of Maricopa, situated within the Phoenix metropolitan area. The property is secured by a long-term absolute triple-net (NNN) lease, offering complete passivity for ownership. With scheduled rent escalations and zero landlord responsibilities, this asset is well-suited for investors targeting net lease investment properties, NNN properties for sale, single tenant net lease assets, and fast-casual NNN lease investments in high-growth markets across Arizona.

Located along a high-traffic arterial corridor in a thriving residential and retail hub, the Starbucks offers strong visibility, excellent drive-thru access, and long-term operational stability. Surrounded by expanding suburban housing, national retailers, and regional employment centers, the property is ideally positioned to serve daily commuters, families, professionals, and local consumers. It is a prime fit for investors looking to buy NNN property, engage in a 1031 exchange NNN strategy, or expand their holdings of single tenant NNN retail properties in the Sun Belt.

Investment Highlights

• Leased to Starbucks, a globally recognized and highly creditworthy coffee retailer
• Absolute NNN lease—tenant responsible for all taxes, insurance, and maintenance
• Long lease term remaining with structured five-year rent escalations
• Freestanding building with drive-thru access and ample parking
• Located in the Phoenix metro’s fastest-growing suburban corridor
• Nearby national tenants, grocery anchors, medical centers, and dense residential zones
• High-volume daily traffic with limited competing coffee options in the immediate trade area
• Suitable for investors pursuing long-term NNN lease investments with stable returns

Tenant Overview

Starbucks is among the most prominent and financially secure fast-casual tenants in the global retail landscape. With a proven business model built around beverage innovation, technology integration, customer loyalty, and operational efficiency, Starbucks continues to be one of the most desirable tenants in the NNN investment space. The company’s drive-thru model has become a core component of its growth strategy, especially in suburban and exurban communities like Maricopa.

This site is operated under an absolute NNN lease, placing full operational and capital responsibility on the tenant. That includes property taxes, insurance, landscaping, structural components, HVAC systems, and all repairs. Scheduled rent escalations every five years provide built-in inflation protection and growth in net operating income, offering reliable, hands-off income for the investor.

Lease Summary

• Lease Type: Absolute triple-net (NNN)
• Remaining Term: Approximately 15–20 years
• Rent Escalations: Every five years
• Renewal Options: Multiple five-year extensions
• Landlord Responsibilities: None

This lease profile is ideal for investors focused on portfolio simplicity, passive income, and credit-anchored security.

Market Overview – Maricopa & Phoenix MSA

Maricopa is one of Arizona’s fastest-growing cities, located approximately 35 miles south of Phoenix. Once a small agricultural town, Maricopa has experienced rapid suburban development driven by affordability, infrastructure investment, and proximity to employment hubs throughout the Phoenix MSA. Its population has more than doubled in the past decade, supported by new home construction, retail development, and family-oriented neighborhoods.

The Phoenix metro area itself is one of the largest and fastest-growing in the United States, known for its economic diversification, robust in-migration, and pro-growth business climate. Industries such as technology, manufacturing, aerospace, education, and healthcare anchor the regional economy. This growth has led to increasing demand for consumer services, especially in suburban corridors where population density is rising quickly.

Maricopa benefits from proximity to major transportation routes, public infrastructure improvements, and a wide array of retail and service developments. The city’s rapid residential expansion has created an ideal environment for daily-use tenants like Starbucks to capture consistent traffic from both new and established residents.

Site Features

• Freestanding Starbucks building with a modern design and dual-lane drive-thru capability
• Excellent street visibility with prominent signage and full vehicular access
• Ample parking and stacking room to accommodate high-volume morning and midday demand
• Located at or near a signalized intersection in a retail-rich corridor
• Surrounded by grocery stores, schools, health clinics, banks, and high-density housing
• Positioned within walking distance to multiple residential subdivisions and local businesses
• Easily accessible from commuter roadways serving both local and regional traffic

The building layout, signage visibility, and drive-thru orientation support high performance in all dayparts, aligning with Starbucks’ operational strategy in high-growth, commuter-heavy areas.

Trade Area Demographics

Within a five-mile radius of the property:

• Population exceeds 70,000 and is growing at one of the highest rates in Arizona
• Average household income is well above the state average, reflecting a professional middle-class demographic
• Significant number of dual-income families, remote workers, and commuters
• High percentage of owner-occupied homes in planned communities
• Low retail vacancy and strong retail absorption in the immediate submarket

The surrounding demographics offer a stable base of frequent customers, with above-average coffee consumption and lifestyle spending. These factors support consistent unit-level sales and reinforce long-term tenant performance.

Economic Drivers and Consumer Base

Key demand drivers supporting this Starbucks include:

• Expanding residential development adding thousands of new housing units annually
• Proximity to K–12 schools, medical centers, and employment clusters
• Strong commuter population reliant on convenient drive-thru service
• Limited competition from other branded coffee operators in the area
• Consistent traffic from grocery shoppers, families, students, and morning commuters

The consumer base is growing and diversified, reducing risk from economic volatility and making this a dependable income-producing asset in both stable and expansionary market cycles.

Rent Escalations and Cash Flow Stability

Scheduled rent increases every five years deliver a strong inflation hedge and enhance long-term cash flow. The absolute NNN lease structure eliminates operating expense exposure, allowing the owner to rely on a consistent, unadjusted income stream. This predictability is ideal for long-term wealth planning, retirement income, institutional portfolio growth, or family office holdings.

Buyer Suitability

This asset is well-suited for:

• Investors completing 1031 exchange transactions
• Private capital investors seeking fully passive cash flow
• Institutions and REITs focused on national-brand QSR and coffee tenants
• Portfolio managers seeking long-term yield and minimal management burden
• Buyers focused on net lease opportunities in strong Sun Belt markets

With limited tenant rollover risk, strong fundamentals, and built-in income growth, the Starbucks in Maricopa offers a compelling investment profile.

Phoenix Metro Net Lease Trends

Phoenix continues to lead the Southwest in economic expansion, corporate relocations, and housing starts. Its position as a logistics and technology hub, coupled with low state taxes and high quality of life, has made the region a preferred destination for both residents and investors.

Within this metro, suburban and exurban corridors like Maricopa are outperforming due to affordability, new infrastructure, and expanding rooftops. Starbucks locations in these areas have seen above-average unit performance, and demand for net lease real estate investments remains strong.

Investor interest in single tenant NNN retail properties has grown due to their stability, especially when combined with national tenants and strategic locations in expanding MSAs. Freestanding coffee and QSR properties with drive-thru access are among the most resilient categories in retail net lease today.

Conclusion

This Starbucks location in Maricopa, Arizona, presents an exceptional opportunity to acquire a long-term absolute NNN lease backed by a national credit tenant in one of the fastest-growing suburban markets in the country. The asset offers passive ownership, scheduled income growth, and a premium corner location serving a growing and economically strong demographic.

Whether as part of a 1031 exchange, a new acquisition for portfolio diversification, or a long-term income generator, this property represents a stable, well-located, and future-proof net lease investment in the Phoenix MSA.