Black Rock Coffee Bar - Shea Blvd

10683 N 116th St Scottsdale, AZ United States 85259-4183
Asking Price
Sq. Footage
NOI Net Operating Income
Cap Rate


Enter the "Deal room" for exclusive documents related to this property.

I accept the terms of use, privacy policy and the confidentiality agreement


Year Built 2019
Building Area sf
Land Area acres

Property Description

JLL is pleased to offer for sale the fee-simple interest in a newly-constructed, freestanding Black Rock Coffee Bar located in Scottsdale, Arizona. Black Rock Coffee Bar is a rapidly expanding coffee concept on the west coast with over 60 locations. This location will be their eighth in Arizona and second in Scottsdale, the premier retail location of the Phoenix MSA. With a lack of competition and strong demand for a drive-thru coffee location in the market, Black Rock will benefit from its easy access to and from Shea Boulevard. With a strong customer base comprised of nearly 40,000 people within a 3-mile radius earning $160,000, annually, Black Rock is well-positioned to thrive in a hot and growing Scottsdale market. The Tenant will begin a 15 year, absolute triple-net (“NNN”) lease in early 2020 with 10 percent increases every five years. This brand new asset presents investors with an opportunity for secure, growing cash flows in an ultra high net worth market.

Investment Highlights

  • The Asset is subject to a NNN lease featuring 10 percent increases every five years and two, five-year renewal options, making it the ideal passive, long-term investment
  • The subject Black Rock location faces limited direct competition on Shea Boulevard and will demand a strong marketshare in this ultra high net worth area. The only direct coffee competitor is a Starbucks nearly one mile north positioned inside an Albertson’s grocery store, rendering Black Rock’s drive-thru format beneficial
  • The surrounding market features elite demographics with an average household income exceeding $160,000 within a 3-mile radius. Additionally, the surrounding market is projected to grow at about 1.5x the national rate. Nearby housing values are $600,000 to well over $2 million
  • Strategically positioned off Shea Boulevard (41,000 VPD), offering seamless ingress/egress to those on-the-go. Additionally, the Asset’s adjacent retail center is anchored by Mountainside Fitness, Cold Beers & Cheeseburger, and several more tenants that attract additional traffic into the area. There are limited drive-thru parcels along Shea Boulevard in the local Scottsdale market
  • Build-to-suit construction for Black Rock Coffee Bar ensures commitment to the location for the long term. This is their eighth location in Arizona and their first in Scottsdale
Tivon Moffitt
Tivon Moffitt
Sr. Director
Licensed in
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Peter Bauman
Peter Bauman
Sr. Director
Licensed in
AZ - SA647389000 NV-186153

There was an error submitting your request. Please try again, or submit you inquiry here.



Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.


JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.