For Sale
$2,499,999

1821 Country Club DrMesa, AZ 85210

High-yield Starbucks, 5.8 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple, 1,964 sq ft Starbucks in Mesa, AZ, offers a compelling investment opportunity. Located on a heavily trafficked thoroughfare with freeway access (US-60), this property benefits from high visibility and strong demographics. The 100% occupied, single-tenant building features a corporate-guaranteed, net-net lease with Starbucks (NASDAQ: SBUX), providing a stable income stream. The lease includes five, 5-year options, and Starbucks recently exercised an early option renewal, demonstrating commitment to the location. The property boasts a 5.30% cap rate and a $132,386 NOI. Built in 2015, the single-story building sits on a 0.54-acre lot and is surrounded by national retailers, including Home Depot, Walmart, and Costco. Its proximity to Mesa Community College (2.5 miles) further enhances its appeal. The property's strong financials, tenant stability, and prime location make it an attractive investment for discerning buyers. The asking price is $2,499,999.

Highlights

  • $2,499,999 asking price for this fee-simple Starbucks property.
  • 1,964 square foot, single-tenant QSR/Fast Food building with a corporate-guaranteed, Net-Net lease.
  • 5.30% cap rate with a $132,386 NOI.
  • 5.8 years remaining lease term with five, 5-year options; tenant recently exercised an early option.
  • Excellent location on a high-traffic thoroughfare with freeway access, surrounded by national retailers and near Mesa Community College.

Property Details for 1821 Country Club Dr

Property type
Retail properties
Square Feet
1,964 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF
Units
1

Location Insight

City
Mesa
County
Maricopa
State
Arizona
Latitude
33.3821176
Longitude
-111.839648
1821 Country Club Dr, Mesa, Arizona

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1821 Country Club Dr
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