Starbucks - College and Hospital Adjacent

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an excellent opportunity to purchase a corporate leased Starbucks in Mesa, AZ. Starbucks (NYSE: SBUX) operates over 16,000 stores in the U.S. with over 40,000 locations worldwide and has investment grade credit of BBB+ from S&P (Moody’s: Baa1). The net lease has over 2 years remaining in primary term with four 5-year option periods and 10% rent increases creating inflation resistant cash flows with limited landlord responsibilities (roof & structure only).

The 2,100 SF building with drive-thru on 0.65-acre parcel is strategically located on the hard corner signalized intersection of W Southern Avenue and S San Jose and prospers from excellent visibility and ingress/egress. Superstition Freeway (Hwy 60) and Price Freeway (SR-101), which have a combined traffic count exceeding 362,500, are both less than a mile away. The property sits across from Banner Desert Medical Center, an 80-acre campus with 669 private beds and 1,200 physicians. Mesa Community College sits adjacent to the property, with student enrollment of approximately 17,000. Nearby retailers include Target, American Discount Foods, Asiana Market, CVS Pharmacy, Circle K, McDonald’s, Raising Cane’s, In-N-Out Burger, Dutch Bros Coffee, Jack in the Box and more.