2750 Thomas Rd, Phoenix, AZ 85017-5514
- Drive through restaurants
- 4,361 SF
- 0.76 lot acres
Current Use by Public Records
- Carl's Jr. / Restaurant / Take-out & Catering
- Julioberto’s Fresh Mexican Food / Restaurant
Property Details for 2750 Thomas Rd
- Year built
- 1984
- Construction
- CONCRETE
- Lot size
- 0.76 lot acres
- Zone code
- I-2
- Property type
- Drive through restaurants
- APN
- 108-06-005E
- APU
- 10806005E
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 14, 2025 | $1,680,555 | Keng And Puthonealy Family Trust | Heller Properties LP | Special Warranty Deed | — |
| Mar 28, 2014 | $2,340,000 | Heller Properties LP | 51 No First Td LLC | Warranty Deed | — |
| Jan 24, 2014 | $1,800,000 | 51 No First Td LLC | New Commercentre LLC | Grant Deed | $1.1M · Gruenbaum Samuel H Tr (pt) |
| Aug 7, 2006 | $2,135,000 | New Commercentre LLC | Chris Thompson | Special Warranty Deed | $1.4M · Pacific Capital Bank |
| May 12, 2005 | — | Chris Thompson | Thompson,amber | Quit Claim Deed · related | $595k · Bank Of Hemet |
| Mar 7, 2005 | $1,800,000 | Chris Thompson | Mjkl Ents | Grant Deed | — |
| Mar 4, 2005 | $985,000 | Mjkl Ents LLC | Gonzalez,margarita A | Warranty Deed | — |
| Jun 8, 2004 | — | Cosa 3 LLC | Gonzalez,sergio R | Grant Deed · related | — |
| Mar 30, 2004 | $2,000,000 | Sergio A Gonzales | Groseth,tr | Grant Deed | $1.9M · Groseth Trust |
| May 28, 1993 | — | Groseth Trust | Groseth | Quit Claim Deed · related | — |
| Nov 18, 1987 | — | Phoenix Commerce | — | Deed Of Trust · related | — |
| — | — | Lloyd N Groseth | — | Deed Of Trust · related | $1.5M · Seller |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,621,000
- AI Estimate
- $1,517,000
Market price range: $1.13M - $3.61MMarket price range: $957k - $3.46M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $2,330,000 Current use
- OFFICE BUILDING
- $2,025,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.12
- Latitude
- 33.4807
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
