12443 NW Grand Ave - Retail FOR SALE


El Mirage, AZ 85335
$2,545,455 USD
602-538-7155
12443 NW Grand Ave, El Mirage, AZ for Sale
$2,545,455 USD
Retail - FOR SALE
1/8
null | 5.5% Cap Rate

12443 NW Grand Ave
El Mirage, AZ 85335


HIGHLIGHTS

  • Absolute NNN: zero landlord responsibilities
  • Brand new construction - 2025 completion
  • Long term primary lease - 15 years remaining
  • Attractive 10% rent increases every 5 years
  • Black Rock Coffee Bar went public on the Nasdaq in September 2025 under ticker BRCB
  • Densely populated trade area with over 240,000 residents in a 5-mile radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,545,455 USD

PRICE/SF

$4,106 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Coffee Bar

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

-

APN/PARCEL ID

501-33-992

ASK ABOUT THIS PROPERTY

Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

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Chris HollenbeckCushman & WakefieldMore Info
602-538-7155

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.