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Restaurant

Gravity Coffee | Brand New 25-Year Absolute NNN Corporate Lease

2959 E McKellips Rd, Mesa, AZ 85213

Listing Price: $2,226,000

Cap Rate
5.75%
Tenant Name
Gravity Coffee
Years Remaining On Lease
25.0
Gross SF
750
Guarantor
Corporate Guarantee
Rentable SF
750
Price/Gross SF
$2,968.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$170.67

Investment Overview

Marcus & Millichap is pleased to present for sale Gravity Coffee in Mesa, AZ. Gravity Coffee is a drive-thru coffee brand founded in 2016. The company has grown at a rapid rate, actively developing over 100 locations throughout Arizona, Colorado, Florida, Idaho, Nevada, Oregon, Texas, Utah, and Washington. Currently, Gravity Coffee has over 100,000 members in its loyalty rewards program, "Galaxy Club."
Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Investment Highlights

  • Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 260,699 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $150,000 in the Immediate Area
  • New 2024 Construction with a Drive-Thru

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Restaurant

Gravity Coffee | Brand New 25-Year Absolute NNN Corporate Lease

Listing Price: $2,226,000

Cap Rate
5.75%
Tenant Name
Gravity Coffee
Years Remaining On Lease
25.0
Gross SF
750
Guarantor
Corporate Guarantee
Rentable SF
750
Price/Gross SF
$2,968.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$170.67

Investment Highlights

  • Brand New 25-Year Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Tenant is a Growing Drive-Thru Coffee Chain with More Than 100 Locations Open and in Development Across Nine States
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 260,699 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $150,000 in the Immediate Area
  • New 2024 Construction with a Drive-Thru

Investment Overview

Marcus & Millichap is pleased to present for sale Gravity Coffee in Mesa, AZ. Gravity Coffee is a drive-thru coffee brand founded in 2016. The company has grown at a rapid rate, actively developing over 100 locations throughout Arizona, Colorado, Florida, Idaho, Nevada, Oregon, Texas, Utah, and Washington. Currently, Gravity Coffee has over 100,000 members in its loyalty rewards program, "Galaxy Club." Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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