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3289 E Valencia Rd
Tucson, AZ 85706 Ward 5

$1,950,000 USD

Fast Food For Sale  •  3,209 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 3,209 SF
  • Lot Size 1.02 AC
  • Building Class B
  • Year Built 1999
  • Cap Rate 6.74 %
  • Tenancy Single
  • Zoning Commercial
36 Transit Score
25 Walk Score

Highlights

Absolute NNN Lease – Tenant is responsible for all expenses providing an investor with passive income for the next 3.2 years
Signalized Corner Location – Situated at a highly visible four-way signalized intersection with combined traffic counts of 47,600 VPD
Experienced Franchise Operator – Operated by StarCorp LLC, one of the largest Carl’s Jr. franchisees in the country with 150+ locations nationwide
Attractive Percentage Rent – Lease features 10% rent increases every five years and percentage rent of 9.5% of gross sales over $1,100,000
Limited Internal Competition – The subject property benefits from limited brand cannibalization, with the nearest Carl’s Jr. located 4.8 miles away.
Long-Term Historical Occupancy – Carl’s Jr. has successfully operated at this location for approximately 27 years (since 1999).
Cap Rate: 6.74 %

Major Tenants

Tenant SF Occupied Lease End Date
Carl's Jr. 1/11/2024

Amenities

  • Bus Line
  • Corner Lot
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

Public Transportation

Commuter RailDriveWalkDistance
Tucson Amtrak Station (Sunset Limited - Amtrak, Texas Eagle - Amtrak) 14 min - 9.0 mi
AirportDriveWalkDistance
Tucson International 5 min - 2.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 41
Type: Surface
Included in Rent: Yes
Jake Linsky 602-975-0804 Matthews Real Estate Investment Services
Jake Linsky 602-975-0804 Matthews Real Estate Investment Services