TUCSON, AZ—The new Black Rock Coffee Bar at 7505 East Broadway Blvd in Tucson, a promising investment opportunity, has been sold for a substantial $2.55 million ($1,271 PSF). This absolute net leased, corporate-guaranteed, drive-thru Black Rock Coffee Bar investment property is at the intersection of Broadway and Prudence in Tucson. The lease is an absolute net, relieving the landlord of any responsibilities and promising a lucrative return on investment.
The new 2,000-square-foot Black Rock Coffee Bar store opened in March 2024, showcasing the boutique coffee chain’s signature industrial modern design.
Black Rock Coffee Bar, a well-established concept with over 130 locations and a history of 15+ years, is the tenant of this property. The tenant, Black Rock Store Operations, LLC, has signed a secure 15-year lease with 4 (5-year) options to extend. The lease features 10% rental increases every five years throughout the initial term and at the beginning of each option period, ensuring a steady growth of NOI and providing a reliable hedge against inflation.
With an estimated 3-mile population density of over 125,000 and traffic counts of over 45,000 cars per day. This coffee location benefits from being on the going-to-work side of the road, on Broadway, Tucson’s heaviest traveled East/West thoroughfare.
This is the fifth Black Rock Coffee Bar in Tucson. Black Rock Coffee is celebrating the grand opening of its 38th store in the vibrant Phoenix metro area – this time making its debut in San Tan Valley.
Founded in 2008 in Portland, Oregon, an area of the Pacific Northwest known for its coffee excellence, Black Rock Coffee Bar continues its rapid expansion in the West and into the Sunbelt with locations in Arizona, California, Colorado, Idaho, Oregon, Texas, and Washington. The boutique coffee chain was recently named the Fastest Growing Private Company in Oregon and SW Washington in 2021 by the Portland Business Journal. In 2023, Black Rock Coffee Bar ranked 1179th among America’s Fastest-Growing Private Companies by Inc. Magazine’s 5000 Annual List.
Jermay Price with Volk Company of Tucson handled the transaction and can be reached at 520.441.4771 for more information.
To learn more, see RED Comp #11220.