FOR SALE: Starbucks Corporate Lease | Infill Phoenix Location | Across from Banner Hospital

2210 W Southern Ave Mesa, AZ 85202

2210 W Southern Ave, Mesa, AZ, 85202
2210 W Southern Ave, Mesa, AZ, 85202
Property Type:
Single Tenant Retail (NNN)
Cap Rate:
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: 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: Mesa is the 3rd largest city in Arizona with a population of ±518,000 (Source: 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.

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Map of 2210 W Southern Ave, Mesa, AZ, 85202

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.