Kainoa’s Hawaiian Fusion presents the opportunity to acquire a newly constructed single-tenant net lease investment at the northeast corner of Ellsworth Road and Elliot Road in Mesa, Arizona. The property is improved with a newly completed retail building leased to Kainoa’s Hawaiian Fusion under a 10-year absolute NNN lease structure, providing a passive ownership profile with tenant responsibility for operating expenses, maintenance, repairs, insurance, and real estate taxes.
The asset is positioned within Mesa’s rapidly expanding East Valley corridor, surrounded by significant residential development, employment growth, and ongoing commercial investment. The location benefits from proximity to the Elliot Technology Corridor, major employers including Apple, Meta, Google, EdgeCore, Niagara Bottling, and Dignity Health, as well as convenient access to Loop 202, State Route 24, and U.S. 60. The property is also near Eastmark, one of Arizona’s largest master-planned communities, and the Legacy Sports Park regional destination.
The lease provides annual base rent of $200,000 with scheduled 10% rent increases every five years and four additional five-year renewal options. Combined with a newly constructed building, strong surrounding development activity, and a growing regional restaurant operator, the property offers investors a long-term income stream in one of the Phoenix metro area's most active growth corridors.