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Mesa, AZ 85201
Gravity Coffee
Property Address
16 West McKellips Road, Mesa, AZ, USA
Offering Summary
Price:
$2,241,000
Lot Size:
.6743
Cap Rate:
5.80%
Year Built:
2024
Building SF:
1,585
Status:
Available
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Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
Tenant is a Growing Drive-Thru Coffee Chain with More Than 50 Locations Open and in Development Across Nine States
10 Percent Rental Increases Every Five Years with Multiple Renewal Options
265,098 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
Highly Visible Location Along East McKellips Road (68,000+ Cars per Day)
The Specialty Coffee Shop Market is Projected to Grow by $39.17 Billion from 2022 to 2027 (Source: Technavio)
Broker Information
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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