Property profile

20035 John Wayne Pkwy Maricopa, AZ 85139

OFF-MARKET
Medical Office Space
Property ID
US07-2558604
3,987 SF 0.73 ac lot Built 2020
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 2024-built Hardee's/Carl's Jr. fast-food restaurant in Maricopa, Arizona. Located at 20035 N John Wayne Pkwy, this 2,855 square foot, single-tenant property sits on a 0.77-acre lot and boasts a prime location on a major thoroughfare with over 32,000 vehicles passing daily. The property features a double drive-thru for optimal customer convenience and high visibility. The absolute NNN lease with a corporate guarantee ensures a stable and predictable income stream. The current lease includes four (4) and five (5) year options, providing long-term security for the investor. The property benefits from a strong customer base, with approximately 61,819 residents within a 5-mile radius, boasting an average household income exceeding $105,000. This thriving area is experiencing significant population growth, fueled by over fifteen proposed residential developments encompassing more than 1,800 acres. The property's strong tenant, high visibility, and location within a rapidly expanding retail corridor, combined with a 5.10% cap rate and a net operating income (NOI) of $180,000, make this an attractive investment opportunity. The asking price is $3,529,000, translating to a price per square foot of $1,236.08. This property offers a compelling combination of strong current performance and significant future growth potential. The property is situated near other national retailers, including Sprouts Farmers Market, Marshalls, Dutch Bros Coffee, and Planet Fitness, further enhancing its desirability and market position.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 2020
Total area 3,987 SF
Lot 0.73 ac (31,789 SF)
APN 512-04-9190
UPID US07-2558604

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic

Location

20035 John Wayne Pkwy Maricopa, AZ 85139
Maricopa metro Census 1706 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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