For Sale
$3,529,000

20035 John Wayne Pkwy Maricopa, AZ 85138

Arizona QSR Investment; High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a brand-new, 2024-built Hardee's/Carl's Jr. fast-food restaurant in Maricopa, Arizona. Located at 20035 N John Wayne Pkwy, this 2,855 square foot, single-tenant property sits on a 0.77-acre lot and boasts a prime location on a major thoroughfare with over 32,000 vehicles passing daily. The property features a double drive-thru for optimal customer convenience and high visibility. The absolute NNN lease with a corporate guarantee ensures a stable and predictable income stream. The current lease includes four (4) and five (5) year options, providing long-term security for the investor. The property benefits from a strong customer base, with approximately 61,819 residents within a 5-mile radius, boasting an average household income exceeding $105,000. This thriving area is experiencing significant population growth, fueled by over fifteen proposed residential developments encompassing more than 1,800 acres. The property's strong tenant, high visibility, and location within a rapidly expanding retail corridor, combined with a 5.10% cap rate and a net operating income (NOI) of $180,000, make this an attractive investment opportunity. The asking price is $3,529,000, translating to a price per square foot of $1,236.08. This property offers a compelling combination of strong current performance and significant future growth potential. The property is situated near other national retailers, including Sprouts Farmers Market, Marshalls, Dutch Bros Coffee, and Planet Fitness, further enhancing its desirability and market position.

Highlights

  • $3,529,000 asking price for this 2,855 SF Hardee's/Carl's Jr. Absolute NNN Net Lease property.
  • High-visibility location with direct frontage on N John Wayne Pkwy (I-347), boasting 32,000+ vehicles per day and a double drive-thru.
  • Excellent retail location in Maricopa, AZ, near Sprouts, Marshalls, Dutch Bros, Planet Fitness, and a top-performing Fry's Food Store.
  • Strong demographics: ~61,819 residents within 5 miles, with average household income exceeding $105,000.
  • High-growth area with 15+ proposed residential developments totaling over 1,800 acres.

Property Details for 20035 John Wayne Pkwy

Property type
Retail properties
Square Feet
2,855 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
1

Location Insight

City
Maricopa
County
Pinal
State
Arizona
Latitude
33.0620185
Longitude
-112.0475904

FAQs

What type of property is this?
Retail property - Arizona QSR Investment; High ROI
Where is the retail property located?
The property is located at 20035 John Wayne Pkwy Maricopa, AZ.
What is the asking price?
The asking price for this property is $3,529,000.
What are key features of this property?
This property features: $3,529,000 asking price for this 2,855 SF Hardee's/Carl's Jr. Absolute NNN Net Lease property.; High-visibility location with direct frontage on N John Wayne Pkwy (I-347), boasting 32,000+ vehicles per day and a double drive-thru.; Excellent retail location in Maricopa, AZ, near Sprouts, Marshalls, Dutch Bros, Planet Fitness, and a top-performing Fry's Food Store.
How can I contact the broker?
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20035 John Wayne Pkwy
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