3519 Ellsworth Rd - Retail FOR SALE


Mesa, AZ 85212- East Mesa
$3,333,000 USD
602-792-5202
3519 Ellsworth Rd, Mesa, AZ for Sale
$3,333,000 USD
Retail - FOR SALE
1/1
null | 6% Cap Rate

3519 Ellsworth Rd
Mesa, AZ 85212
East Mesa


HIGHLIGHTS

  • New Kainoa's Hawaiian Fusion | Absolute NNN STNL: Newly constructed 2,398 SF building, built in 2026 with 10 years of term remaining on lease
  • Strong Income Profile | Passive NNN Investment: Provides predictable cash flow backed by a locally beloved, highly rated operator
  • Strategically positioned along the Elliot Tech Corridor & surrounded by major employers incl. Meta, Apple Google, EdgeCore, Niagara and Dignity Health
  • Adjacent to Eastmark, the number one master planned community in Arizona, projected to include approx. 15,000 homes at full buildout
  • Immediate access to Loop 202, SR 24 and US 60, along with close proximity to Phoenix Mesa Gateway Airport, servicing over 1.5M travelers annually
  • Located near the 308-acre Legacy Sports Park and along Ellsworth Rd, one of the highest traffic corridors in the City of Mesa

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$1,390 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kainoa's Hawaiian Fusion

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

304-12-982

ASK ABOUT THIS PROPERTY

Kristina StametsDiversified Partners, LLCMore Info
602-792-5202

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Kristina StametsDiversified Partners, LLCMore Info
602-792-5202

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