Marcus & Millichap Facilitates $3.2 Million Sale of Better Buzz Coffee Property in Avondale, Arizona

Reuters
18 Jun
Marcus & Millichap Facilitates $3.2 Million Sale of Better Buzz Coffee Property in Avondale, Arizona

Marcus & Millichap Inc. has successfully brokered the sale of a Better Buzz Coffee property in Avondale, Arizona, for $3,225,000. The transaction was completed using 1031 Exchange funds and was an all-cash deal, reflecting the ongoing demand for quality net-leased assets in high-growth areas like the West Valley. The property, located at 10650 W. McDowell Road, is a newly built facility for the San Diego-based Better Buzz Coffee, which is expanding into the Phoenix market. The site operates under a 15-year absolute triple-net lease and is strategically positioned near Phoenix Sky Harbor International Airport and Arizona State University. This marks Better Buzz's first Arizona location, with plans for additional openings in Tempe, Surprise, Scottsdale, and Queen Creek later in the year.

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