Dunkin’ Donuts: Phoenix, AZ

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
The subject property operates under a brand new 20-year absolute NNN ground lease with no landlord management or maintenance responsibilities whatsoever. The lease provides landlord-friendly rent escalations every 5 years of 10% during the initial term and at each 5-year option period.

RARE INFILL PHOENIX SINGLE TENANT INVESTMENT
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).

NEWLY CONSTRUCTED BUILDING WITH DRIVE-THRU
The building was completed in 2018 and features one of the latest Dunkin’ Donuts prototype designs. The building 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 E Bell Road, with high average daily traffic counts of 47,710 ADT. It is also situated within close proximity to Fry’s Marketplace and Sprouts Farmers Market. The property is directly adjacent to a newly constructed, multi-tenant retail center with Cafe Rio Mexican Grill, Smashburger, Blaze Pizza, and Raising Cane’s. National retailers in the trade area include Chipotle, Arby’s, Firestone, Chase Bank, Sprint, Subway, Verizon, Wendy’s, Bank of America, 7-Eleven, and many more.

WELL-ESTABLISHED AND EXPANDING FRANCHISEE
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(1,2).

(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 & Millichapconducted 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 13-15 locations with an estimated net worth of $10M. Buyer is responsible for verifying during their Due Diligence period.

Steven J. Siegel
Senior Managing Director
NY DRE License: 30SI0857139

AZ Broker of Record: Ryan Sarbinoff
License: BR675146000