In-N-Out - Rare Trophy Low Rent Abs NNN Ground Lease… — Sale in Mesa (Phoenix Msa), AZ
- Price: Contact for price
- Listing type: For sale
- Asset type: Business
- Location: Mesa (Phoenix Msa), AZ 85212
Photos








Investment Figures
- Cap rate
- 3.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The subject property is strategically positioned within the Southeast Valley of Metropolitan Phoenix, one of the fastest-growing and most economically dynamic regions in the United States. Anchored by the cities of Mesa, Gilbert, Chandler, Queen Creek, and San Tan Valley, this submarket has experienced extraordinary population growth over the past decade and shows no signs of slowing, driven by a powerful combination of corporate relocation, infrastructure investment, and master-planned residential development. Mesa, Arizona’s third-largest city with over 517,000 residents, serves as the economic backbone of the trade area. The city’s average household income exceeds $111,000, and more than one-third of adults hold a bachelor’s degree or higher, reflecting a highly educated and affluent consumer base. The immediate 85212 zip code, home to the rapidly expanding Eastmark master-planned community, boasts an average household income exceeding $181,000 within one mile of the subject property and is forecasted to face a housing deficit of over 4,700 units by 2030 — a structural indicator of sustained population pressure and retail demand for years to come. The Southeast Valley’s economic engine is further powered by Mesa’s Gateway employment district, home to major corporate operators including Boeing, Raytheon, Virgin Galactic, Honeywell, and Intel, as well as ASU’s Polytechnic campus, which serves over 11,000 students and faculty. Mesa Gateway Airport, Arizona’s third-busiest commercial airport, surpassed two million annual passengers in 2024–2025 and is targeting ten million passengers under its Gateway 2030 expansion plan. The subject property sits at the epicenter of this growth, positioned directly at the Loop 202 San Tan Freeway and Power Road interchange — one of the Southeast Valley’s most traveled and visible commercial corridors — offering investors an irreplaceable location within one of Arizona’s strongest and most enduring retail trade areas. Investment Hig
Market Context
This food service in Mesa (Phoenix Msa), AZ is listed for sale. It is offered at an approximate 3.0% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Mesa (Phoenix Msa), AZ — view the full market.
Contact
- Alvin Mansour · (858) 373-3184 · alvin.mansour@marcusmillichap.com
- David Kern · (858) 373-3185 · david.kern@marcusmillichap.com
- Ryan Sarbinoff · (602) 687-6700
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
Explore this market
Similar Business for Sale in Arizona
- Human Bean — Contact for price · Bullhead City, AZ
- Applebee's | ±15-Yr NNN | 22-Unit Guaranty | E 16th St w/ ±39,197 VPD | Yuma, AZ — Contact for price · Yuma, AZ
- Golden Corral — Contact for price · Tucson, AZ
- Black Rock Coffee | 15 Yr Abs NNN | Phoenix MSA — Contact for price · Maricopa, AZ
- Absolute NNN Taco Bell in Arizona | HIGH TENANT COMMITMENT! New 10 Year Lease Extension — Contact for price · Tuba City, AZ
- Dutch Bros Coffee - New 15 Yr Abs. NNN Fee Simple — Contact for price · Tucson, AZ