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1210 N Scottsdale Road - Rio Salado Courtyard - Carl's Jr., Tempe, AZ

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1210 N Scottsdale Road - Rio Salado Courtyard - Carl's Jr.

Tempe, AZ 85281 - South Scottsdale Ret Submarket


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1987
Building Size:3,171 SF Land Area:.75 AC (32,583 SF)
For Sale Price:$2,363,636 Price/SF:$745.39
Cap Rate:5.50 %
Parking:Free Surface spaces are available
Features:Bus Line, Pylon Sign, Signage, Drive Thru



Sale Notes:
The subject property is a NNN Carl's Jr with approx. 16 years remaining. The Franchisee, Starcorp, LLC just bought the operations to 150+ units. The tenant, Starcorp CJ, LLC operates 77 units.
Located in Tempe AZ the subject property is approx. 1.5 miles from Arizona State University and 2 miles from Downtown Scottsdale. In addition, a new 244 unit Class "A" Apartment complex was constructed next door.

NNN Lease with apprx. 16 years remaining and 5% increases every 5 years
Located 1.5 miles from Arizona State University (total enrollment of 83,000 students)
2 Miles from Downtown Scottsdale
Traffic Count of 35,000 Cars/Day
cap Rate becomes 5.77% in 2 years

Westwood Net Lease Advisors
Chris Schellin
(314) 997-5227 x801




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