728 Bisbee Ave, Willcox, AZ 85643-1418
- Drive through restaurants
- 2,655 SF
- 0.59 lot acres
Current Use by Public Records
- Carl's Jr. / Restaurant / Take-out & Catering
Property Details for 728 Bisbee Ave
- Year built
- 1986
- Construction
- CONCRETE
- Lot size
- 0.59 lot acres
- Property type
- Drive through restaurants
- APN
- 202-43-006F
- APU
- 20243006F
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 31, 2025 | $1,415,000 | Romina98 LLC | Joseph Tran Chau | Warranty Deed | $850k · Desert Financial Cu |
| Jan 2, 2018 | $1,415,000 | Minh Chau Joseph Tran | Re No One LLC | Special Warranty Deed | $900k · Washington Federal NA |
| Jan 10, 2017 | $1,350,000 | Reo 1 LLC | Ligo Investment LLC | Warranty Deed | — |
| Aug 1, 2012 | $600,000 | Jc123 Holdings LLC | Desert Dwellings Invs LLC | Grant Deed | — |
| Aug 1, 2012 | $1,400,000 | Ligo Investments LLC | Jc123 Holdings LLC | Grant Deed | — |
| Apr 11, 2006 | $825,000 | Desert Dwellings Invs LLC | Spirit Master Funding LLC | Grant Deed | $602k · M & I Marshall & Isley Bank |
| Dec 8, 2004 | $919,590 | Spirit Spe Portfolio 2004-6 Ll | Ge Cap Franchise Finance Corp | Grant Deed | $690k · Ge Capital Franchise Finance |
Description
This exceptional investment opportunity presents a fee-simple interest in a Carl's Jr. restaurant located at 728 N Bisbee Ave, Willcox, AZ 85643. The property, built in 1986 and encompassing 2,655 square feet on a 0.59-acre lot, benefits from a strong location as an outparcel to a Safeway-anchored shopping center. The absolute triple-net (NNN) lease, with zero landlord responsibilities, provides a fully passive income stream. The lease, commencing January 2, 2018, and expiring December 31, 2037, has a remaining term of 13.1 years, with four (4) five (5)-year options. The current annual net operating income (NOI) is $95,700, representing a 6.15% cap rate on the asking price of $1,556,103. The lease includes 1.25% annual rent bumps, offering inflation protection. The tenant, StarCorp, LLC, is a significant Carl's Jr. and Hardee's franchisee operating over 150 locations nationwide, providing financial strength and stability. The property's strategic location within the Tucson MSA, alongside other national retailers, ensures high visibility and consistent customer traffic. This offering is ideal for investors seeking a long-term, passive income investment with significant upside potential. The property's parcel number is 202-43-006F. This is a 1031 exchange eligible property.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Willcox
- County
- Cochise
- State
- Arizona
- Longitude
- -109.842
- Latitude
- 32.2643
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA
