416 S Watson Rd - Fast Food FOR SALE


Buckeye, AZ 85326- West Valley
$2,789,000 USD
404-441-3849
416 S Watson Rd, Buckeye, AZ for Sale
$2,789,000 USD
Fast Food - FOR SALE
1/12
null | 5.25% Cap Rate

416 S Watson Rd
Buckeye, AZ 85326
West Valley


HIGHLIGHTS

  • Absolute NNN Lease
  • Long Term Operating History of 15 Years
  • Strong Sales | Rent-To-Sales Ratio Under 6.0%
  • Prime Interstate Location | Interstate 10 (88,764 VPD)
  • Outpad to Sundance Towne Center | 600,000 SF | Walmart Supercenter, Lowe's Home Imrpovement, PetSmart, Beall's Outlet, Dollar Tree, Boot Barn, etc.
  • Phoenix-Chandler-Mesa, AZ MSA Advantage

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the Carl’s Jr. ground lease situated on 1.25 acres in Buckeye, AZ—a western component of the Phoenix, AZ MSA (Population: 5.1M). The absolute NNN ground lease features ±2.4 years of primary term remaining with 10% rent increases in the two 5-year renewal options. Carl’s Jr.’s 3,058-square-foot building was constructed in 2010, and the site boasts a long-term operating history of 15 years. The property is located on irreplaceable real estate within the ±600,000-square-foot Sundance Towne Center, which welcomed nearly 725,000 unique visitors across 7 million total visits during the last 12 months (Placer.ai). Carl’s Jr. is situated on a hard corner at the signalized, high traffic intersection of South Watson Road (61,961 VPD) and Interstate 10 (88,764 VPD).

FOR SALE DETAILS

PRICE

$2,789,000 USD

PRICE/SF

$839 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

PAD

APN/PARCEL ID

504-19-956E

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.