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    2959 E Mckellips Rd Mesa, AZ 85213

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    For Sale
    $2,175,000

    New construction drive-thru coffee shop with long-term corporate lease.

    Property size:
    750 SF
    Lot size:
    1.02 Acres

    Property Features for 2959 E Mckellips Rd

    General Information

    Size
    750 SF
    Lot size
    1.02 Acres

    Source: Marcus & Millichap | Phoenix Agent Chris Lind

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Drive-Thru Coffee Shop

    This property features a brand new 25-year absolute triple-net (NNN) lease with a corporate guaranty. The tenant is a growing drive-thru coffee chain with more than 100 locations open and in development across nine states. The property includes 10 percent rental increases every five years with multiple renewal options. Located along East McKellips Road, the site benefits from high visibility with 65,000 cars per day at the Lindsay Road & McKellips intersection. The surrounding trade area within a five-mile radius has 260,699 residents. The average household income exceeds $150,000 in the immediate area. The property is new construction, completed in 2024, and includes a drive-thru. The property size is 750 square feet and is suitable for coffee shops, restaurants, retail, and specialty properties.
    Location Intelligence

    Current Use by Public Records

    Gravity Coffee Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Dutch Bros Coffee, Dutch Bros Coffee, Balboa’s, Starbucks, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Mesa
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.7689681
    Latitude
    33.4505435

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    FAQs

    What type of property is this?
    Coffee shop - New construction drive-thru coffee shop with long-term corporate lease.
    Where is this coffee shop located?
    The property is located at 2959 E Mckellips Rd Mesa, AZ.
    What is the asking price?
    The asking price for this property is $2,175,000.
    What are key features of this property?
    This property features: - 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.; - Features 10 percent rental increases every five years with multiple renewal options.
    (602) 370-9255
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2959 E Mckellips Rd Mesa, AZ 85213
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