FOR SALE: Long Term NNN Leased | Ideal 1031 Property | Scottsdale Arizona

Looking for a truly hands-off, 1031-exchange-ready commercial asset in one of Metro Phoenix’s most desirable retail submarkets? Our newest exclusive listing offers long-term, inflation-protected cash flow backed by an exciting, rapidly growing food & beverage concept.

Located at 2955 N. Hayden Road, Scottsdale, AZ 85251, this freestanding drive-thru property is leased to Outcast Doughnuts on a brand-new 20-year Absolute NNN Initial Term lease with 2.5% annual rent increases.

Here is a full breakdown of the property details, lease terms, and investment highlights.

📊 Property & Financial Overview

• List Price: $2,770,000

• Cap Rate: 6.50%

• Annual Base Rent: $180,000

• Unleveraged 5-Year IRR: 8.26%

• Building Size: ±1,628 SF Freestanding Drive-Thru Restaurant

• Lot Size: ±20,670 SF (0.47 Acres)

• Zoning: C-2, City of Scottsdale

• Parking: 18 dedicated spaces

• Traffic Counts: 32,227 VPD on Hayden Rd | 30,859 VPD on Thomas Rd

🔒 Premium Lease Structure

This asset is designed for fully passive income with zero landlord responsibilities:

• Tenant: Outcast Doughnuts, LLC

• Lease Term: 20 Years (Lease Start: October 15, 2025)

• Lease Type: Absolute NNN (Tenant covers Taxes, Insurance, Maintenance, Utilities, Roof & Structure)

• Rent Escalations: 2.5% Fixed Annual Increases

• Renewal Options: Four (4) 5-year options with continued 2.5% annual increases

• Guaranty: Corporate and Personal Guarantee

💡 Key Investment Highlights

1. Significant Tenant Capital Commitment

The property underwent over $475,000 in recent renovations (2025–2026), with the tenant funding over $400,000 of the buildout costs. This substantial equity commitment underscores the tenant’s long-term dedication to this location.

2. Differentiated & Buzzing Tenant Concept

Outcast Doughnuts is an experience-driven, fast-growing East Valley concept known for its specialty “layered” croissant-style doughnuts, artisanal coffee, and breakfast options. Featured in Phoenix New Times as one of the top 12 doughnut shops in the Valley, the concept generates strong multi-daypart foot traffic and heavy social media engagement.

3. High-Exposure Scottsdale Infill Location

Situated along Hayden Road just north of Thomas Road, the property enjoys direct visibility and signage along a high-volume commuter corridor feeding commuters, local residents, and visitors traveling to and from Old Town Scottsdale and Loop 101.

4. Affluent Demographic Profile

Scottsdale continues to lead Metro Phoenix in household wealth and discretionary spending:

• 1-Mile Median Household Income: Over $138,000

• 5-Mile Median Household Income: Over $130,000

• 2026 Scottsdale Population: ~248,000 residents