Tempe Starbucks sells for $2.5M while Peoria CVS goes for $6M

Starbucks

By Mike SuStarbucksnnucks | Phoenix Business Journal

Coffee drinks at Starbucks can run $5 but what does it cost to buy a building that houses a Starbucks coffee shop?

A single-tenant building that houses a Starbucks in Tempe recently fetched $2.5 million. The 2,720-square-foot Starbucks location is at Warner and McClintock roads in Tempe.

The buyers are the AJ Gardner FamilyTrust and Childs Family Trust out of Los Angeles.

Scottsdale-based Garrett Development Corp. was the seller.

Starbucks (Nasdaq: SBUX) has been open at the location since 2014. It is located in the Cobblestone Village.

Continued:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories