Reported Oct 20, 2026 · Source: LinkedIn
Located at 11420 W Lower Buckeye Rd, the property features a corporate-guaranteed lease, approximately 12 years of remaining term, and 10% rent increases every five years. The asset was built in 2025 and occupies a highly visible position at the intersection of Avondale Boulevard and Lower Buckeye Road. Source: LinkedIn.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at LinkedIn. What the article says:
Just Closed | Starbucks | Avondale, AZ It's been an active year in the drive-thru and QSR space and were excited to announce another successful closing. Shane Carter and I recently closed the sale of Starbucks in Avondale, Arizona, a newly constructed drive-thru asset located within one of the fastest-growing areas of the Phoenix metro. Located at 11420 W Lower Buckeye Rd, the property features a corporate-guaranteed lease, approximately 12 years of remaining term, and 10% rent increases every five years. The asset was built in 2025 and occupies a highly visible position at the intersection of Avondale Boulevard and Lower Buckeye Road. What made this opportunity particularly compelling was the combination of strong credit and long-term growth fundamentals. The site sits adjacent to significant planned development, including a grocery-anchored shopping center, the proposed 240+ acre Hermosa Ranch Tech Campus, and thousands of planned residential units. It benefits from close proximity to Interstate 10 (±212,000 VPD) and the planned Loop 303 extension, positioning the property within one of the West Valley's most rapidly developing corridors. Were also appreciative of the opportunity to represent another transaction on behalf of our valued repeat clients, Sam Henig and Peter LeBlanc with SimonCRE. It's always a pleasure working alongside their team and were grateful for the continued confidence they place in us to help execute dispositions across their development pipeline. The result: • Sale Price: $3,800,000 • Closing Date: October 20, 2026 Starbucks continues to be one of the most sought-after tenants in the net lease market, and assets with long-term lease structures in high-growth Phoenix locations continue to attract strong investor interest. Were grateful for the opportunity to represent this transaction and deliver another successful outcome for our client. #JustClosed #NetLease #QSR #CommercialRealEstate #Starbucks #ArizonaRealEstate #RetailInvestmentThanks,
Just Closed | Starbucks | Avondale, AZ It's been an active year in the drive-thru and QSR space and were excited to announce another successful closing.
Article date: 2026-10-20T21:00:03.819Z
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