Black Rock Coffee Bar

1440 South Higley Road
Mesa, AZ 85206

Marketing Materials


JLL is pleased to offer for sale the fee-simple interest in a freestanding Black Rock Coffee Bar situated as an outparcel to a Lowe’s Home Improvement in Mesa, Arizona. Featuring 9.24 million square feet in retail space within 3 miles, the Asset is subject to an absolute triple net lease to Black Rock Coffee Bar with a 10% rental increase in year 10 and during the option periods. The Property is positioned just 0.25 miles away from an entrance ramp to US-60, allowing seamless access throughout the entire Phoenix MSA. Boasting outstanding surrounding demographics, this offering represents an exceptional opportunity to acquire a brand new Asset occupied by a popular new tenant who is gaining significant momentum in the net lease marketplace.
  • Primary Broker

    Tivon Moffitt - Net Lease Broker
    Tivon Moffitt
    (602) 282-6348

  • Secondary Broker(s)

    Peter Bauman - Net Lease Broker
    Peter Bauman
    (602) 282-6289

  • In-State Licensee

    Tivon Moffitt - Net Lease Broker
    Tivon Moffitt


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Investment Highlights
Seamless Regional Access (US-60) with Optimal “Drive-to-Work” Positioning
Brand New Construction with Ideal In-Place Lease Economics
Strong Surrounding Retail Area & Proximity to Banner Gateway Medical Center
Dense Residential Population and Healthy Demographics
Property Type Retail
Property Address 1440 South Higley Road
Mesa, AZ 85206
Market AZ-Phoenix
Land In Acres 0.78
Building Size 1,375 Square Feet
Primary Use Freestanding
Year Built 2018
Tenancy Single-Tenant
Price $1,782,000
Price PSF $1,296.00
Cap Rate 5.50%
Current NOI $98,000
Tenant Name Black Rock Coffee Bar
Guarantor Corporate + Personal
Lease Type NNN
Annual Rent $98,000
Rent PSF $71.27
Rent Escalations 10% after year 10 and during option periods
Options 2 x 5 years
Lease Start Date 3/1/2018
Lease Expiration Date 3/30/2033
Remaining Term 15.0Yrs