Press Releases
Marcus & Millichap Brokers Sale of Brand-New Dutch Bros Coffee Location in Queen Creek, Arizona
November 05, 2025
QUEEN CREEK, Ariz., Nov. 5, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a brand-new Dutch Bros Coffee location in Queen Creek, Arizona. The property sold for $3,413,000.
Chris Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company. Sev Keshishian, senior managing director investments in the firm’s Encino office, procured the buyer, also an Arizona limited liability company.
Situated on 1.33 acres at 23683 S. Power Road, the 950-square-foot Dutch Bros Coffee is leased on a 15-year absolute triple-net ground lease backed by a corporate guaranty. The property is surrounded by national retailers including Basha’s, McDonald’s and Ace Hardware.
Chris Lind, Mark Ruble and Zack House, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, an Arizona limited liability company. Sev Keshishian, senior managing director investments in the firm’s Encino office, procured the buyer, also an Arizona limited liability company.
Situated on 1.33 acres at 23683 S. Power Road, the 950-square-foot Dutch Bros Coffee is leased on a 15-year absolute triple-net ground lease backed by a corporate guaranty. The property is surrounded by national retailers including Basha’s, McDonald’s and Ace Hardware.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
