2210 W Southern Ave - Fast Food FOR SALE


Mesa, AZ 85202- Central Mesa
$2,895,000 USD
949-903-3399
2210 W Southern Ave, Mesa, AZ for Sale
$2,895,000 USD
Fast Food - FOR SALE
1/9
null | 4.75% Cap Rate

2210 W Southern Ave
Mesa, AZ 85202
Central Mesa


HIGHLIGHTS

  • Across from Banner Desert Medical Center – 80 Acre Campus - 669-Bed Private Room
  • Adjacent to Mesa Community College - Approximately 17,000 Students Enrolled
  • Below Market Rent – Upside Potential
  • STNL Corporate Starbucks – Phoenix MSA - Population Exceeding 5.1 Million
  • Limited Landlord Responsibilities (Roof & Structure Only)
  • 10% Rent Increase at Option (April 2027) – 5.22% Cap Rate at Ask Price

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an excellent opportunity to purchase a corporate leased Starbucks in Mesa, AZ. Starbucks (NYSE: SBUX) operates over 16,000 stores in the U.S. with over 40,000 locations worldwide and has investment grade credit of BBB+ from S&P (Moody’s: Baa1). The net lease has over 2 years remaining in primary term with four 5-year option periods and 10% rent increases creating inflation resistant cash flows with limited landlord responsibilities (roof & structure only). The 2,100 SF building with drive-thru on 0.65-acre parcel is strategically located on the hard corner signalized intersection of W Southern Avenue and S San Jose and prospers from excellent visibility and ingress/egress. Superstition Freeway (Hwy 60) and Price Freeway (SR-101), which have a combined traffic count exceeding 362,500, are both less than a mile away. The property sits across from Banner Desert Medical Center, an 80-acre campus with 669 private beds and 1,200 physicians. Mesa Community College sits adjacent to the property, with student enrollment of approximately 17,000. Nearby retailers include Target, American Discount Foods, Asiana Market, CVS Pharmacy, Circle K, McDonald’s, Raising Cane’s, In-N-Out Burger, Dutch Bros Coffee, Jack in the Box and more.

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$1,379 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

O-S

APN/PARCEL ID

134-42-396

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.