1821 Country Club DrMesa, AZ 85210

Property Details for 1821 Country Club Dr

Year built

2015

Construction

STEEL FRAME

Lot size

0.54 AC

Property size (Sq ft)

1,964 SF

Zone code

C-G

Property type

Retail space

APN

139-50-027D

APU

13950027D

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $857,451

  6.5%

  $791,493

  7%

  $734,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,042,157

  Geo Method

  $1,042,157

• Alternative Use

  Use

  Valuation

  Residential

  $667,654

  Hospitality

  $611,568

  Educational

  $508,817

  Medical

  $526,316

  Retail

  $791,493

Location Insight

City

Mesa

County

Maricopa

State

Arizona

Latitude

33.3821

Longitude

-111.84

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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