2750 Thomas Rd Phoenix, AZ 85017-5514

This exceptional investment opportunity presents a fee-simple interest in a single-tenant, absolute NNN leased Carl's Jr. restaurant located at 2750 W Thomas Rd, Phoenix, AZ 85017. The property, built in 1984 and renovated in 2020, boasts 4,361 square feet on a 0.76-acre lot and enjoys a prime outparcel position within the Phoenix Commerce Center, a high-traffic retail area exceeding 40,000 vehicles per day. The current lease, commencing March 4, 2005, and expiring March 31, 2030, has a remaining term of 5.4 years with three (3) and five (5) year options. The lease is an absolute NNN structure, meaning the tenant, StarCorp LLC, a major Carl's Jr./Hardee's franchisee with over 150 units, is responsible for all property taxes, insurance, and maintenance. The property generates a Net Operating Income (NOI) of $121,000, resulting in a 6.25% cap rate. Rent increases are structured at 10% every five years. This offering presents a passive income investment with a strong tenant and favorable lease terms in a thriving Phoenix market. The property's location benefits from strong retail synergy with nearby national retailers. The asking price is $1,936,000. This is a 1031 exchange eligible property.