Property summary
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
VerifiedCap rate & NOI
Current use
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Veterinary Clinic
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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