Dunkin’ is brewing up two area locations.
The Massachusetts-based coffee chain opened its seventh Albuquerque store last month at the West Central Plaza at 4208 Central Ave. SW.
Gannon Coffman and Anthony Johnson of Pegasus Group represented the tenant and Lia Armstrong and Jim Dountas of CBRE represented the landlord in the deal. The location has 14 seats inside along with a patio with additional seating.
Business First reported last year that California-based Heslin Holdings completed renovations to the shopping center, with plans for a new Dunkin’ location and converting a former multi-shop building in the property to a single-tenant facility, now occupied by Harbor Freight Tools.
Business First reported Heslin Holdings acquired the shopping center for more than $12 million in 2015.
Dunkin’ is also expanding north with its first planned location in Rio Rancho.
Coffman and Johnson also represented the tenant and Clayton King represented King Capital Inc. — the landlord — in the transaction. King said the firm acquired the space at 1197 Rio Rancho Blvd. SE, the former home of Wonder Wash Car Wash, last summer. King said the car wash has been closed since March and hopes to demolish it in the next month to make way for the construction of Dunkin’.
Dunkin’ confirmed the Rio Rancho location is in the permitting process and is expected to open later this year. Both new locations are expected to be roughly 2,000 square feet and have drive-thrus.
Rio Rancho will also soon be home to two Dutch Bros. Coffee locations — the first two in the state for the Oregon-based chain. Dutch Bros.’ first two stores, which will have about 40 employees each, are under construction at 2121 Unser Boulevard SE and on 1440 Hwy 528. According to the company, Dutch Bros. will open the locations this month and later in 2020, respectively.
CBRE ranked No. 1 on Business First’s List of largest commercial real estate firms with $605.04 million in commercial transaction volume in 2019. Pegasus Group ranked No. 6 with $36 million during the same period.