---
title: "Mesa Absolute NNN Corporate Ground Lease Trades | PCA News"
url: "https://newphoenixcommercialadvisors.com/news/mesa-absolute-nnn-corporate-ground-lease-trades-at-2-6m/"
description: "Phoenix Commercial Advisors facilitated the sale of Valvoline, a brand-new absolute NNN corporate ground lease in Mesa."
publisher: "Phoenix Commercial Advisors"
generated: "11/12/2026"
date: "07/01/2026"
---

# Mesa Absolute NNN Corporate Ground Lease Trades at $2.6M

07/01/2026

Mesa, Ariz., 06/24/2026. Phoenix Commercial Advisors facilitated the sale of Valvoline, a brand-new absolute NNN corporate ground lease. The property, located on the southeast corner of Power and Elliot Roads in Mesa, Ariz., sold for $2,600,000, or $743 per square foot. The 3,500-square-foot center Valvoline, built in 2026, is situated as an outparcel to Avalon Ranch, a new shopping center anchored by ALDI and EOS Fitness, at a signalized intersection carrying nearly 48,000 vehicles per day. John Schweikert and Chad Tiedeman at Phoenix Commercial Advisors represented the seller in the transaction.

## Transaction facts

- Deal: Sale
- City: Mesa, AZ
- Property type: Absolute NNN ground lease
- Size: 3,500 SF
- Price: $2,600,000
- Announced: 07/01/2026
- Brokers: John Schweikert (https://newphoenixcommercialadvisors.com/team/john-schweikert/), Chad Tiedeman (https://newphoenixcommercialadvisors.com/team/chad-tiedeman/)