Andy Kroot with Velocity Retail Group, LLC sold the single tenant Starbucks store located at the SWC of Scottsdale and McKellips – 1926 North Scottsdale Rd, Tempe AZ. Andy Kroot, Principal of Velocity Retail Group represented the Seller in the transaction and Jon Stansbury of DTZ represented the Buyer.
The ownership – SWC Scottsdale & McKellips, LLC and the buyer – TEMK Investments Femont, LLC closed the transaction April 8, 2015.
“The Greater Phoenix Retail market is very strong right now and is a key expansion area for many investors and tenants alike; we were happy to be able to facilitate a successful close. Strategically locating A+ sites for national tenants is paramount.” said Kroot.
This Starbucks building is approximately 1,850 SF on approximately 23,000 SF of land with a drive- thru.