For Sale
$1,556,103

728 Bisbee AveWillcox, AZ 85643

Arizona QSR, 13+ years remaining

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Triple-net lease; zero landlord responsibilities.
  • 13+ years remaining on primary lease term.
  • 1.25% annual rent increases.
  • Four (4) five (5)-year lease options.
  • Willcox, AZ, one hour east of Tucson.
  • Outparcel to Safeway-anchored shopping center in Willcox.

Property Details for 728 Bisbee Ave

Property type
Retail properties, Restaurants
Square Feet
2,655 SF
Year Built
1986
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Willcox
County
Cochise
State
Arizona
Latitude
32.2642901
Longitude
-109.8418475
728 Bisbee Ave, Willcox, Arizona

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728 Bisbee Ave
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