FOR SALE: Starbucks Corporate Lease | Infill Phoenix Location | Across from Banner Hospital
2210 W Southern Ave
Mesa, AZ 85202
FOR SALE NNN Property
Property Type:Single Tenant Retail (NNN)
Last Verified:Apr 05, 2022
Single-tenant corporate Starbucks opportunity, offering ±5 years remaining on a double-net (NN) lease with 10% rental increases every 5-years and four (4), five (5) year renewal options. Starbucks (NASDAQ: SBUX) is the largest coffee chain in the world with over 33,833 stores in 83 markets. The company reported approximately $29 billion of revenue in 2021 and has a S&P credit rating of BBB+ (Source: starbucks.com). The Property is located on a hard-corner signalized intersection that sees approximately 113,226 cars daily at the nearest main intersection of Southern Ave and Dobson Rd (Source: ADOT, 2020). Banner Desert Medical Center is located directly across the street from the Property. With ±669 beds and ±3,700 health care professionals, this medical center is the largest, most comprehensive hospital in the East Valley of metro Phoenix. Less than one mile southeast of the Property is Mesa Community College, having over 20,000 students enrolled (Source: communitycollegereview.com). Mesa is the 3rd largest city in Arizona with a population of ±518,000 (Source: selectmesa.com). Dense population of ±407,781 in a five-mile radius of the Property (Source: Esri). Nearby national retailers include CVS, McDonald’s, Taco Bell, Jack in the Box, Firehouse Subs, Little Caesar’s Pizza, and more.