20035 John Wayne PkwyMaricopa, AZ 85138

Property Details for 20035 John Wayne Pkwy

Year built

2020

Lot size

0.73 AC

Property size (Sq ft)

3,987 SF

Property type

Medical offices

Property subtype

Medical centers

APN

512-04-9190

APU

512049190

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $620,404

  6.5%

  $572,681

  7%

  $531,775

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,596

  Geo Method

  $614,596

• Alternative Use

  Use

  Valuation

  Residential

  $710,124

  Hospitality

  $650,470

  Educational

  $541,183

  Medical

  $559,795

  Retail

  $841,840

Location Insight

City

Maricopa

County

Pinal

State

Arizona

Latitude

33.0621

Longitude

-112.047

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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