Log In/Sign Up
Your email has been sent.
Carl's Jr Restaurant 3289 E Valencia Rd 3,209 SF Retail Building Tucson, AZ 85706 $1,950,000 ($607.67/SF) 6.74% Cap Rate
Investment Highlights
- Absolute NNN Lease – Tenant is responsible for all expenses providing an investor with passive income for the next 3.2 years
- Experienced Franchise Operator – Operated by StarCorp LLC, one of the largest Carl’s Jr. franchisees in the country with 150+ locations nationwide
- Limited Internal Competition – The subject property benefits from limited brand cannibalization, with the nearest Carl’s Jr. located 4.8 miles away.
- Signalized Corner Location – Situated at a highly visible four-way signalized intersection with combined traffic counts of 47,600 VPD
- Attractive Percentage Rent – Lease features 10% rent increases every five years and percentage rent of 9.5% of gross sales over $1,100,000
- Long-Term Historical Occupancy – Carl’s Jr. has successfully operated at this location for approximately 27 years (since 1999).
Executive Summary
Broker of Record
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
David Harrington
License # CO701910000 (AZ)
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100, Scottsdale, AZ 85251
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,209 SF
Building Class
B
Year Built
1999
Price
$1,950,000
Price Per SF
$607.67
Cap Rate
6.74%
NOI
$131,430
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
41 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $49.74
- Triple Net
- Jan 2024
Founded in 1941, Carl's Jr. has been a West Coast favorite for many years, known for their iconic charbroiled burgers. Today, Carl's Jr. has many locations across the U.S. and serves many countries worldwide. Their quality products, modern restaurant design, and experienced international team are a winning combination that drives their consistent growth.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $49.74 | Triple Net | Jan 2024 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 140-29-044B | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $177,473 |
Property Taxes
Parcel Number
140-29-044B
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$177,473
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Carl's Jr Restaurant | 3289 E Valencia Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.