Single-Tenant Absolute NNN
For Sale
Contact for pricing
21064 E Ocotillo Rd, Queen Creek, AZ 85142
Recently constructed 2,941 sf building leased to Carls Jr. under an absolute NNN arrangement with substantial remaining term.
Property Size2,941 SF
Lot Size1.00 Acre
Days on Market143
Property Features for 21064 E Ocotillo Rd
General Information
Standard status
Active
Size
2,941 SF
Total Parking Spaces
40
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
Clark Commercial Realty Advisors
Listed By:
Jeff Clark · License #CA 00979522
Source:
Crexi
Added: Apr 10
Changed: Aug 27
Last Checked: Aug 14 at 7:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clark Commercial Realty Advisors
Investment Insights
Based on property information with market context.
This single-tenant absolute net lease investment is offered as fee simple ownership in a recently constructed ±2,941 sf building built to Carls Jr. specifications. The property is subject to an original 20-year absolute NNN lease with ±17 years remaining, and an amended lease that provides for 10% rent increases every five years. The parcel is approximately one acre and includes for approximately 40 parking spaces.
The restaurant is positioned as a prominent corner outparcel within Cornerstone at Queen Creek, an 86-acre, 380,000 sf mixed-use power center anchored by a 200,000 sf Super Walmart. Other named retailers at the center include Petco, Staples, Panda Express, Walgreens, Bank of America, and Jack in the Box.
The building is described as having upgraded and distinctive architecture, and the franchisee operates approximately 160 units under the Carls Jr./Hardee brands across multiple states.
The restaurant is positioned as a prominent corner outparcel within Cornerstone at Queen Creek, an 86-acre, 380,000 sf mixed-use power center anchored by a 200,000 sf Super Walmart. Other named retailers at the center include Petco, Staples, Panda Express, Walgreens, Bank of America, and Jack in the Box.
The building is described as having upgraded and distinctive architecture, and the franchisee operates approximately 160 units under the Carls Jr./Hardee brands across multiple states.
Key Highlights
- Recently constructed +/-2,941 SF single‑tenant building leased to Carls Jr. under an absolute NNN structure
- Original 20‑year absolute NNN lease with +/-17 years remaining; amended lease includes 10% rent increases every 5 years
- Approximately 1‑acre parcel with +/-40 parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,313
Businesses Nearby
332k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 39%
Dining 33%
Shops & Services 18%
Apparel 5%
Walmart
Superstores
130,155 visits/mo
0.2 miles
Goodwill
Apparel
18,030 visits/mo
0.4 miles
Circle K
Shops & Services
15,880 visits/mo
0.3 miles
Panda Express
Dining
15,726 visits/mo
0.1 miles
Shell
Shops & Services
14,550 visits/mo
0.1 miles
Demographics for 85142, AZ
80,734
Population
27,701
Households
2.9
Avg Household Size
34
Median Age
38%
College-Educated
96%
High-School Grad
101.3 sq mi
ZIP Area
797
Density / Sq Mi
$125,236
Median Household Income
$55,193
Median Earnings
$2,092
Median Rent
$521,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Recently constructed 2,941 sf building leased to Carls Jr. under an absolute NNN arrangement with substantial remaining term.
Where is this nnn property located?
The property is located at 21064 E Ocotillo Rd Queen Creek, AZ.
What are key features of this property?
This property features: Recently constructed +/-2,941 SF single‑tenant building leased to Carls Jr. under an absolute NNN structure; Original 20‑year absolute NNN lease with +/-17 years remaining; amended lease includes 10% rent increases every 5 years; Approximately 1‑acre parcel with +/-40 parking spaces
