1070 E Ajo Way
Tucson, AZ 85713
Carl's Jr. - New 10 Yr NNN Lease · Retail Property For Sale

CBRE is pleased to offer for sale this single-tenant Carl' s Jr. & Green Burrito (the Property ) located on the southeast corner of Ajo Way and Park Avenue in the fast-growing southwest submarket of Tucson, Arizona. The offering consists of a ±4,084 square foot Carl' s Jr. & Green Burrito restaurant, which has operated from the site for over 33 years. The tenant recently renewed their lease for an additional 10 years on an absolute NNN lease which calls for rental increases every 5 years in the initial term and throughout the tenant' s one (1), 10-year option period. Carl' s Jr. has operated from the location since the building was constructed in 1983, demonstrating the tenant' s commitment to the site and its presence in the fast-growing southwest Tucson trade area. The Property is located in a dense infill area of southwest Tucson, approximately three miles south of the University of Arizona (±42,236 enrolled) and four miles north of Tucson International Airport. This Carl' s Jr is situated on the hard southeast corner at the signalized intersection of Ajo Way and Park Avenue, which boasts approximately ±46,224 vehicles per day. The Property is located in a strong employment corridor with ±63,783 employees working within a three-mile radius and ±198,320 employees working within a five-mile radius of the subject restaurant. Further driving traffic to this trade area is the Southern Arizona VA Health Care System (SAVAHCS), located one block northwest of the Property, which features a 285-bed hospital and serves over ±171,000 veterans living in the Southern Arizona area. Lastly, the Property is located a few blocks west of the highly trafficked Interstate-10 arterial freeway, providing easy access to the Property and boasting approximately ±78,103 vehicles per day at the Ajo Way full-diamond interchange.