Premier Single-Tenant Starbucks Investment in High-Growth Mesa, AZ
Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Starbucks located at $4418 \text{ S. Ellsworth Road}$ in Mesa, Arizona. This asset represents a premier net lease investment characterized by high security and strong growth fundamentals in one of the fastest-growing submarkets of the Phoenix MSA.
Key Investment Highlights
The property is backed by a new 10-year corporate-guaranteed lease with Starbucks Corporation (NASDAQ: SBUX, S&P: BBB+). The lease features attractive 10% rent increases every five years during the primary term and option periods, ensuring long-term income growth.
The $2,574 \text{ square foot}$ building, situated on $1.07 \text{ acres}$, is built for maximum customer appeal and efficiency, including a drive-thru, outdoor patio seating, and 29 dedicated parking spaces.
Strategic Market Position
This Starbucks is strategically positioned for success in Mesa, Arizona's third-largest city:
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Exceptional Consumer Base: Located across the street from Eastmark, a master-planned community slated for over 15,000 homes at buildout, guaranteeing a strong and growing consumer base.
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Affluent Demographics: The site benefits from strong demographics, with the average household income exceeding $\$170,000$ within one mile.
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Major Economic Drivers: The property is surrounded by the Elliot Road Technology Corridor (home to Google, Apple, Meta, and Northrop Grumman) and the Phoenix-Mesa Gateway Airport, attracting high-quality jobs and investment.
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Connectivity and Visibility: The site maintains high visibility along the heavily trafficked Ellsworth Road, with excellent access to major freeways, including Loop 202 and SR 24.
The ongoing large-scale development, such as the $\$1 \text{ billion Legacy Park}$ mixed-use project, further underscores the long-term strength and growth trajectory of this premier net lease asset.