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Restaurant

Dunkin' Donuts Phoenix

678 E Thunderbird Rd, Phoenix, AZ 85022

Listing Price: $4,071,675

Cap Rate
5.85%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
2.1
Gross SF
3,398
Guarantor
Corporate Guarantee
Rentable SF
3,398
Price/Gross SF
$1,198.26
Lease Type
Ground Lease
Rent Per Square Feet
$70.14

Investment Overview

Marcus & Millichap is pleased to present and the opportunity to acquire an Absolute NNN Fee-Simple Ground-Leased Dunkin’ drive-thru located in the high traffic corridor of Thunderbird Road in the City of Phoenix, Arizona. 678 East Thunderbird Road Dunkin’ presents investors with an opportunity to invest in an “essential use” tenant in an established MSA with excellent growth in demographics. Originally a Wells Fargo Branch the location was completely re-imagined by Wells Fargo into a drive-thru QSR building sub-leased to Dunkin’ another essential use with national presence. This infill site is located on a signalized hard corner on an outparcel in the grocery anchored Moon Valley Shopping Center, along a major corridor in North Mountain Village area of Phoenix, Arizona. Located only 1.5 miles from Hayden Plaza North, 2.5 miles from Bell Towne Plaza and 3.5 miles from the Phoenix Metro Center, the site benefits from a traffic count of over 62,000 vehicles per day. Demographics include 410,000 people in a 5-mile radius, growing approximately 1.4 percent per year, with an average household income of $78,473. Nearby tenants include Safeway, Bank of America, Goodwill, Dollar Tree, Starbucks, Wells Fargo, Walgreens, McDonalds, Shell, and Circle K.

Investment Highlights

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Corporate Guarantee: Wells Fargo Bank, National Association and Sublease to Dunkin'
  • Over Two Years Remaining on the Current Term
  • Three Five-Year Extension Options with 12 Percent Increases Throughout
  • Essential Use: Pandemic and Recession Proof Guarantors
  • Extensive Drive-Thru Conversion from Bank to QSR Situated on an Outparcel in the Moon Valley Shopping Center Anchored by Safeway
  • Located Along a Major Corridor in Northern Phoenix, with Proximity to Major Attractions, Shopping, and Schools
  • Nearby Tenants Include Safeway, Bank of America, Goodwill, Dollar Tree, Starbucks, Wells Fargo, Walgreens, McDonalds, Shell, Circle K

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Listing Price: $4,071,675

Cap Rate
5.85%
Tenant Name
Dunkin' Donuts
Years Remaining On Lease
2.1
Gross SF
3,398
Guarantor
Corporate Guarantee
Rentable SF
3,398
Price/Gross SF
$1,198.26
Lease Type
Ground Lease
Rent Per Square Feet
$70.14

Investment Highlights

  • Absolute NNN Ground Lease with Zero Landlord Responsibilities
  • Corporate Guarantee: Wells Fargo Bank, National Association and Sublease to Dunkin'
  • Over Two Years Remaining on the Current Term
  • Three Five-Year Extension Options with 12 Percent Increases Throughout
  • Essential Use: Pandemic and Recession Proof Guarantors
  • Extensive Drive-Thru Conversion from Bank to QSR Situated on an Outparcel in the Moon Valley Shopping Center Anchored by Safeway
  • Located Along a Major Corridor in Northern Phoenix, with Proximity to Major Attractions, Shopping, and Schools
  • Nearby Tenants Include Safeway, Bank of America, Goodwill, Dollar Tree, Starbucks, Wells Fargo, Walgreens, McDonalds, Shell, Circle K

Investment Overview

Marcus & Millichap is pleased to present and the opportunity to acquire an Absolute NNN Fee-Simple Ground-Leased Dunkin’ drive-thru located in the high traffic corridor of Thunderbird Road in the City of Phoenix, Arizona. 678 East Thunderbird Road Dunkin’ presents investors with an opportunity to invest in an “essential use” tenant in an established MSA with excellent growth in demographics. Originally a Wells Fargo Branch the location was completely re-imagined by Wells Fargo into a drive-thru QSR building sub-leased to Dunkin’ another essential use with national presence. This infill site is located on a signalized hard corner on an outparcel in the grocery anchored Moon Valley Shopping Center, along a major corridor in North Mountain Village area of Phoenix, Arizona. Located only 1.5 miles from Hayden Plaza North, 2.5 miles from Bell Towne Plaza and 3.5 miles from the Phoenix Metro Center, the site benefits from a traffic count of over 62,000 vehicles per day. Demographics include 410,000 people in a 5-mile radius, growing approximately 1.4 percent per year, with an average household income of $78,473. Nearby tenants include Safeway, Bank of America, Goodwill, Dollar Tree, Starbucks, Wells Fargo, Walgreens, McDonalds, Shell, and Circle K.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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