2 Tenant Absolute NNN Investment - Phoenix, AZ MSA
Two-Tenant NNN Dental & Drive-Thru QSR Investment Opportunity Located in Phoenix MSA
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PROPERTY & LEASE HIGHLIGHTS
Two-Tenant Investment with Leading Operators – This property is anchored by American Dental Companies, a dominant Dental Service Organization with 50+ locations across the region, alongside Bosa Donuts, a beloved Arizona brand with 44+ locations and widely recognized as the “Best Donuts in AZ.” Together, these complementary tenants provide diversified income backed by well-established, high-performing operators.
E-Commerce Resistant Healthcare Investment – Dental office investments continue to be highly sought after for their insulation from e-commerce competition and resilience through economic cycles.
Drive-Thru Amenity – Bosa Donuts includes a drive-thru, which is especially valuable for convenience and customer experience in today’s, on-the-go service economy.
Established Tenancy with ± 6 Years Remaining – Both tenants are under long-term NNN leases with approximately 6 years of primary lease term remaining with options to extend, ensuring stable income.
Inflationary Protected Leases – Rent escalations built into the lease provide the landlord with reliable protection against inflation over the remaining term.
HOA Maintenance / Minimal Landlord Responsibilities – Both leases are structured as NNN, placing most maintenance, structural, and operating cost burdens on the tenant. In addition, the property is governed by an HOA that maintains the common areas and exterior, making this a true hands-off investment for the landlord.
Strong Visibility & Access – Located at the intersection of high-traffic arterials (Bell Road / Ave of the Arts), with excellent access and exposure from main roads, enhancing both signage visibility and customer reach.
Investment highlights
LOCATION HIGHLIGHTS
Top-Tier Phoenix MSA – Located within the Phoenix Metropolitan Statistical Area, one of the fastest-growing MSAs in the United States, consistently ranking among the top for in-migration, job creation, and housing demand.
Population & Income Growth – Surprise, AZ has approximately 150,000+ residents, with a median household income of ~$93,000, and population growth averaging 2.7% annually.
Rapid Expansion – Surprise, AZ has experienced over 30% population growth in the past decade, with thousands of new single-family homes being delivered annually.
New Downtown / City Center Development – The Surprise City Center project is underway, transforming the area around City Hall into a vibrant mixed-use downtown with retail, restaurants, higher education (Ottawa University), medical, civic, and residential components.
Traffic Exposure – Bell Road carries ~70,000 cars/day at key intersections, offering strong visibility for tenants.
Robust Economic Development – The city continues to attract new employers across healthcare, manufacturing, retail, and technology, fueling both jobs and consumer spending.
Quality of Life & Community Investment – Ongoing investment in infrastructure, schools, parks, and amenities make Surprise a desirable residential hub, supporting long-term demand for retail and healthcare services.
Favorable Demographics – Median age is ~41.6 years with a growing working-age population, positioning Surprise as a balanced and stable community with both young families and retirees.
TENANT HIGHLIGHTS
American Dental Companies (Bell Road Dentistry) – Backed by a leading dental platform with 50+ locations, combining private practice culture with centralized support for marketing, HR, and admin. Bell Road Dentistry offers a full range of services including general dentistry, aesthetics, implants, cleaning, and oral cancer screening.
Bosa Donuts – A premier Arizona donut brand with 44+ locations, known as the “Best Donuts in AZ,” featuring top tier service, and a drive-thru amenity that enhances convenience and customer traffic.
Stable, Healthy Sectors – Both tenants operate in sectors (dental care and food service) that have historically demonstrated strong resilience across economic cycles.
Recurring Revenue & Customer Loyalty – Dentistry provides necessity-based recurring revenue, while Bosa Donuts benefits from loyal repeat customers and impulse-driven daily traffic.
Proven Growth Models – Both tenants are multi-location operators with established brand equity and scalable business models, reducing operational risk and enhancing long-term stability for investors.
$137 Billion Industry – Dentistry is one of the largest healthcare subsectors, averaging 2.4% annual growth, supported by demographic trends and increasing demand for both cosmetic and general dental services.
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