Listed by The Menlo Group Commercial Real Estate LLC
$3,279,000
406 N Val Vista Dr
Details
APN 140-12-008G
Property Type Retail
Sub Type Commercial
Square Footage 2,400
Cap Rate 5.43%
NOI $178,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Lease Expiration 06/29/2035
Price per SqFt $1,440
Year Built 2025
Zoning NC
Lease Commencement 03/29/2025
Ownership Fee Simple
Retail | 5.43% CAP | 2,400 SqFt
Marketing description
Introducing a premier investment opportunity in Mesa, Arizona. This newly constructed 2,400 SF freestanding Starbucks, completed in 2025, presents a strong addition to any retail portfolio. Strategically positioned at the signalized hard corner of Val Vista Drive and University Drive, the property benefits from exceptional visibility and steady traffic counts. Zoned NC by the City of Mesa, the site is surrounded by established retail and commercial amenities and offers convenient access to Loop 202, US 60, and SR 87, supporting long-term tenant success and stable income potential.
Location Description
Freestanding retail building located along North Val Vista Drive in Mesa, Arizona, providing visibility within the local commercial corridor.
Investment highlights
- 100% NNN Leased Single Tenant Investment Sale
- Corporate Guaranty Signed by Starbucks Corporation
- 2025 Construction
- 10 Year Initial Lease Term with Ample Renewal Options
- Approx 2,400 SF
- Zoned NC, City of Mesa
- Near Retail and Business Amenities
- Close Proximity to Loop 202 Freeway, US 60 Freeway, and SR 87
Listing Contacts
Listed by The Menlo Group Commercial Real Estate LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,000.00
$14,833.33/mo
Valuation Metrics
0
DSCR
5.43%
Cap Rate
5.43%
ROI
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