356 Stapley DrMesa, AZ 85203

This exceptional investment opportunity presents a newly constructed, 940-square-foot Starbucks with a drive-thru, located at 356 N Stapley Dr, Mesa, AZ 85203, in Maricopa County. The property, built in 2022, is situated on a hard corner with high visibility and boasts a strong daily traffic count of approximately 47,506 vehicles. Currently operating under a net lease with a corporate guarantee from Starbucks, the lease commenced November 23, 2022, and has a remaining term of eight years, with four five-year renewal options. The current annual net operating income (NOI) is $128,000, representing a 5.15% cap rate and a price per square foot of $2,644.08. The asking price is $2,485,436. Rent increases by 10% every five years, ensuring a growing return on investment. The property benefits from a densely populated trade area with approximately 334,180 residents within a five-mile radius and is conveniently located near three high schools, totaling approximately 6,990 students, and adjacent to an Esporta Fitness-anchored retail center. This single-tenant property offers a secure and stable investment with a globally recognized brand, making it an attractive addition to any portfolio. The property's APN is 138-20-024C & 138-20-024D.