Black Rock Coffee Bar 12443 NW Grand Ave 620 SF 4-Star Retail Building El Mirage, AZ 85335 $3,473,044 CAD ($5,601.68 CAD/SF) 5.50% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment tenanted by Black Rock Coffee Bar, a rapidly expanding drive-thru coffee concept with a strong and growing presence across the Western United States. The property is secured by a corporate-guaranteed absolute NNN lease, offering investors a stable and predictable income stream with zero landlord responsibilities and attractive built-in rent growth throughout the lease term.
Founded in 2008 in Portland, Oregon, Black Rock Coffee Bar has developed a loyal customer base through its community-driven brand, premium coffee offerings, energy drinks, and expanding food program. As of early 2026, the company operates more than 181 locations across seven states and continues to execute on a disciplined growth strategy. Black Rock went public on the Nasdaq under ticker symbol BRCB in September 2025, further enhancing the brand’s visibility and capital position as it continues expanding throughout the region.
The subject property is strategically located along U.S. 60 (Grand Avenue) in El Mirage, Arizona, a rapidly growing trade area within the greater Phoenix MSA. The site benefits from strong visibility and exposure to approximately 41,398 vehicles per day, as well as convenient access to Loop 303, Loop 101, and US-60, providing strong regional connectivity. The surrounding area is densely populated, with more than 240,000 residents within a five-mile radius. Positioned on a ±0.73-acre parcel, the property offers strong underlying real estate fundamentals in a growth-oriented suburban corridor.
This offering represents an opportunity to acquire a brand-new Black Rock Coffee Bar investment with durable passive income, strong real estate fundamentals, and long-term value supported by a growing publicly traded tenant.