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