Listed by Diversified Partners
$2,500,000
Farmer Boys | Elliot & Ellsworth
Details
APN 304-12-984
Property Type Retail
Sub Type Restaurant
Square Footage 3,200
Cap Rate 5.00%
NOI $125,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 4 x 5 Year Options
Year Built 2026
Acreage 0.760
Investment Type Net Lease
Lease Commencement 09/01/2026
Ground Lease Yes
Ownership Fee Simple
Farmer Boys | Elliot & Ellsworth
Marketing description
Newly constructed ±3,200 SF building situated on ±0.76 acres, with rent commencing September 2026. The property is leased to a private, nationally recognized operator with more than 100 locations across the Western United States.
Investment highlights
- Newly constructed ±3,200 SF building situated on ±0.76 acres, with rent commencing September 2026. The property is leased to a private, nationally recognized operator with more than 100 locations across the Western United States.
- Offered at $2,500,000 with a 5.00% cap rate and $125,000 NOI, providing predictable cash flow backed by a market leading operator headquartered in Riverside, California.
- Positioned along the Elliot Tech Corridor and surrounded by major employers including Apple, Google, EdgeCore, Niagara Bottling, and Dignity Health.
- Immediate access to Loop 202, State Route 24, and US 60, along with close proximity to Phoenix Mesa Gateway Airport, which serves more than 1.5 million travelers annually.
- Adjacent to Eastmark, the number one master planned community in Arizona, projected to include approximately 15,000 homes at full buildout and supported by strong household incomes.
- Located near the 308-acre Legacy Sports Park and along Ellsworth Road, which reports some of the highest traffic volumes in the City of Mesa.
Listing Contacts
Listed by Diversified Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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