Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 1459 New York 17B in White Lake, New York. This single-tenant, net-leased, quick-service restaurant operates under a 20-year absolute NNN ground lease with 13 years remaining. This opportunity represents a truly passive ownership experience with no landlord management or maintenance responsibilities. The lease structure includes 10 percent rent escalations every five years during both the initial term and each five-year option period, providing built-in long-term income growth for investors. Completed in 2015, the property showcases an upscale contemporary design and is further enhanced by a wrap-around drive-thru pick-up window, ideal for high-volume QSR operations. In 2025, the franchisee completed a full exterior remodel totaling approximately $270,000, reinforcing the tenant’s long-term commitment to the site and ensuring strong curb appeal and modern functionality. Strategically positioned along New York State Route 17-B, the property benefits from excellent visibility with average daily traffic of 8,825 vehicles, supporting consistent customer flow. The surrounding area is bolstered by regional tourism and entertainment drivers, including Resorts World Catskills Casino, located less than 12 miles away. From an investment standpoint, the offering is further strengthened by an established and experienced franchisee with operations dating back to 2009. The tenant has successfully managed a large multi-state portfolio of Dunkin’ Donuts and Taco Bell locations and brings over 43 years of combined real estate experience. Furthermore, the lease is guaranteed by ABDD IV LLC—a wholly owned ABDD Capital entity valued at approximately $6 million—providing additional credit strength and security for the investor. This combination of excellent roadway exposure, nearby tourism demand, and an established operating history makes this asset an attractive net-leased investment in a growing regional market.