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).