Phoenix, Arizona – Vestis Group, a commercial brokerage and investment firm, is pleased to announce the retail PAD sale for Bikini Beans Coffee, at the intersection of 75th Avenue and Cactus Road, in Peoria, Arizona, for $345,000, or $47 per square foot.
“This will be Bikini Beans Coffee’s fourth location in Arizona. The first three stores opened in Phoenix, Tempe and Mesa,” says Matt Morrell, President of Retail Investments at Vestis Group and the lead broker for this transaction, “Bikini Beans Coffee’s Peoria store is located just north of the northeast corner of 75th Avenue and Cactus Road. Neighboring business in the trade area include Fry’s Foods, MidFirst Bank, CVS Pharmacy, TCF Bank, Church’s Chicken, BoSa Donuts, Jiffy Lube, Carl’s Jr., Subway, Panda Express, Jack In The Box, LeeLee International Supermarkets, Banner Urgent Care, Enterprise and Extra Space Storage. We are actively seeking additional locations for Bikini Beans Coffee across Metro Phoenix.”
The Phoenix based Vestis Group commercial brokerage team of Natan Jacobs and Matt Morrell negotiated the retail PAD sale on behalf of the buyer, Bikini Beans Coffee. Strategic Retail Group represented the Seller, Sundeep and Elaine Gill Living Trust.
Vestis Group provides tenant representation services to select national, regional and local tenants with their expansion plans throughout Arizona.