Lee & Associates is pleased to present the opportunity to acquire a brand-new, single-tenant Starbucks located at 4418 S. Ellsworth Road in Mesa, Arizona. The property is backed by a new 10-year corporate-guaranteed lease with Starbucks Corporation (NASDAQ: SBUX, S&P: BBB+). The building, totaling 2,574 square feet on 1.07 acres, includes a drive-thru, outdoor patio seating, and 29 dedicated parking spaces. This is a fee simple offering with long-term security and attractive rent growth, featuring 10% increases every five years during the primary term and option periods.

The property is strategically positioned within the East Valley submarket of the Phoenix MSA, one of the fastest-growing regions in the U.S. Mesa is the third-largest city in Arizona, supported by strong demographics, with more than 65,000 residents within three miles and an average household income exceeding $170,000 within one mile. The Starbucks site benefits from its proximity to major freeways including Loop 202 and SR 24, as well as high visibility along Ellsworth Road, a heavily trafficked corridor. Across the street lies Eastmark, a 3,200-acre master-planned community with more than 15,000 homes planned at buildout, ensuring a strong consumer base for years to come.

The asset is surrounded by significant economic drivers and ongoing development activity. The Elliot Road Technology Corridor, home to major employers such as Google, Apple, Meta, and Northrop Grumman, continues to attract high-quality jobs and investment. In addition, the nearby Phoenix-Mesa Gateway Airport offers access to nearly 60 domestic and international destinations, further enhancing the area’s connectivity. Large-scale projects, such as the $1 billion Legacy Park mixed-use development, which will add 9.4 million square feet of retail, office, residential, and hospitality space, underscore the strength and growth trajectory of this market. Combined, these factors make this Starbucks a premier net lease investment in a high-growth corridor with excellent long-term fundamentals.