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Starbucks | NEC Elliot & Ellsworth 3543 Ellsworth Rd 2,400 SF Retail Building Mesa, AZ 85212 $4,344,347 CAD ($1,810.14 CAD/SF) 5.25% Cap Rate
Investment Highlights
- New Construction Starbucks | NN Ground Lease; rent commences September 1, 2026
- Investment Grade Tenant (NASDAQ: SBUX) | Lease guaranteed by Starbucks Corporation, the world's largest coffee house chain
- Premier East Valley Location | Major Employment Corridor: Positioned along the Elliot Tech Corridor near Apple, Google, EdgeCore, Niagara Bottling
- Strong Passive Income | 5.25% Cap
- Limited Landlord Responsibilities: Double net lease structure with Landlord responsible only for roof and structure
- High Growth Trade Area | Strong Access & Demand Drivers: Adjacent to Eastmark (15,000 homes at buildout)
Executive Summary
NN Ground Lease Investment
Property Facts
Sale Type
Investment
Property Type
Building Size
2,400 SF
Year Built
2026
Price
$4,344,347 CAD
Price Per SF
$1,810.14 CAD
Cap Rate
5.25%
NOI
$228,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.84 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-12-987 | Improvements Assessment | $0 CAD |
| Land Assessment | $945,344 CAD | Total Assessment | $945,344 CAD |
Property Taxes
Parcel Number
304-12-987
Land Assessment
$945,344 CAD
Improvements Assessment
$0 CAD
Total Assessment
$945,344 CAD
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Starbucks | NEC Elliot & Ellsworth | 3543 Ellsworth Rd
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