This newly constructed 2025 build-to-suit Wendy’s offers investors a premier net lease opportunity in the heart of Tempe, AZ, part of the Phoenix MSA. The property is supported by a new 20-year absolute NNN lease that provides completely passive ownership. The tenant, Arizona Restaurant Company, LLC—Wendy’s largest franchisee in the state—operates 40+ Wendy’s units in Arizona and over 190 locations nationwide under The Holland Company. With contractual rent increases of 10% every five years and four additional 5-year options, this property delivers stable income growth and long-term security.