1025 N 67th Ave
Phoenix, AZ 85043
Dunkin' Donuts · Retail Property For Sale

NEW 20-YEAR NNN LEASE WITH ADDITIONAL MASTER-LEASE (TWO-TENANT PROPERTY)(1) The subject property is a two-tenant retail property. The primary end-cap retail space is leased to a Dunkin’ Donuts franchisee under a new 20-Year NNN lease. The supplementary retail space will be master-leased under a NNN lease at market rents. Please see agent for further details. The primary lease provides landlord-friendly rent escalations every 5 years of 10% during the initial term and at each 5-year option period. NEWLY CONSTRUCTED BUILDING WITH DRIVE-THRU The building was newly constructed and completed in 2018. It offers an upscale contemporary design complete with a wrap-around drive-thru pick-up window and outside dining area. IRREPLACEABLE RETAIL LOCATION SURROUNDED BY NATIONAL TENANTS The property is well-located with excellent visibility and access along N 67th Avenue, with high average daily traffic counts of 248,1114 ADT along Interstate 10. The property is directly adjacent to Living Spaces, a class-A retail showroom and distribution center totaling 437,234 square feet of real estate. It is also situated across the street from a 383,570 square foot O’Reilly Auto Parts Distribution Center. Another key economic driver in the area is the Desert Sky Mall, a 405,921 square foot regional center. The dense retail corridor consists of an array of national tenants, including Jack in the Box, Valero, McDonald’s, Burger King, Family Dollar, Dollar General, Starbucks, The Home Depot, Walmart Supercenter, Lowe’s, Big Lots, Target, Texas Roadhouse, Whataburger, LongHorn Steakhouse, and many more. PHOENIX MSA LOCATION, EXPANDING METRO The subject property represents a rare long-term single tenant investment opportunity in the city of Phoenix, the 6th largest metro in the U.S. with over 4.49 million residents (and rapidly expanding). WELL-ESTABLISHED AND EXPANDING DUNKIN’ DONUTS FRANCHISEE(2) The franchisee has been in the QSR business since 2009. They have successfully managed and held equity interests in a portfolio of 57 Dunkin’ Donuts in New York, New Jersey and Arizona, as well as 29 Taco Bells in New York and Kentucky. The franchisee has over 39 years of combined real estate experience. (1) Lease information has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. Individuals are strongly advised to take appropriate measures to verify all of the information set forth herein. Buyer must conduct their own Due Diligence. (2) The Tenant under the Lease is a subsidiary of ABDD Arizona LLC, a Dunkin’ Donuts franchisee comprised of 12-15 locations with an estimated net worth of $10M. Buyer is responsible for verifying during their Due Diligence period.