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Restaurant

Culver's

1955 W Valencia Rd, Tucson, AZ 85746

Listing Price: $3,720,000

Cap Rate
4.50%
Tenant Name
Culver's
Gross SF
4,000
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Price/Gross SF
$930.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.85

Investment Overview

Rated by Forbes as the third best high-investment franchise in 2019, Culver's is a privately owned and operated American casual fast food restaurant chain known for their signature ButterBurgers and Frozen Custard. Other signature menu items include cheese curds, chicken sandwiches, fish, french fries, and salads. Established in 2011, Kyle Kolsrud is a Culver’s Franchisee that’s focused on operating and developing restaurants in Tucson, Arizona area and acquiring additional Culver’s locations in other markets. Including the subject property, Kyle currently owns and operates a total of three Culver’s restaurants in the Greater Tucson, Arizona area and one Culver’s restaurant in the Greater Phoenix, Arizona area. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Investment Highlights

  • Brand New 20 Year Lease with Culver's – Franchisee Guarantee
  • Excellent Store Sales - Location was rated "Top 50" in the Nation by Culver's for 2021
  • Experienced Culver's Franchisee - Third Location in Tucson
  • Surrounding Retail Ranks in Top Percentile for Visits: Walmart - 95th Percentile in US; CVS - 84th Percentile in US; Fry's - #1 in Tucson; Dutch Bros - 97th Percentile in US - PlacerAi
  • Close Proximity to Casino Del Sol - One of the Largest Employers in the Area with a 215 Room Casino with 1,300 Slot Machines, Numerous Poker & Blackjack Tables Along with Entertainment, Dining, Golf, Business and Convention, and Spa Services
  • Surrounded by Big Box Retailers: Walmart Supercenter, Lowe's, Fry's Food and Drug, Tractor Supply Co, Harbor Freight Tools, 99 Cents Only Store, and More
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options on Lease
  • Less than Five Minutes, or Approximately One Mile to I-19 Freeway with Over 76,700 Cars per Day and Direct Connection to Downtown Tucson

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Listing Price: $3,720,000

Cap Rate
4.50%
Tenant Name
Culver's
Gross SF
4,000
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Price/Gross SF
$930.00
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.85

Investment Highlights

  • Brand New 20 Year Lease with Culver's – Franchisee Guarantee
  • Excellent Store Sales - Location was rated "Top 50" in the Nation by Culver's for 2021
  • Experienced Culver's Franchisee - Third Location in Tucson
  • Surrounding Retail Ranks in Top Percentile for Visits: Walmart - 95th Percentile in US; CVS - 84th Percentile in US; Fry's - #1 in Tucson; Dutch Bros - 97th Percentile in US - PlacerAi
  • Close Proximity to Casino Del Sol - One of the Largest Employers in the Area with a 215 Room Casino with 1,300 Slot Machines, Numerous Poker & Blackjack Tables Along with Entertainment, Dining, Golf, Business and Convention, and Spa Services
  • Surrounded by Big Box Retailers: Walmart Supercenter, Lowe's, Fry's Food and Drug, Tractor Supply Co, Harbor Freight Tools, 99 Cents Only Store, and More
  • 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options on Lease
  • Less than Five Minutes, or Approximately One Mile to I-19 Freeway with Over 76,700 Cars per Day and Direct Connection to Downtown Tucson

Investment Overview

Rated by Forbes as the third best high-investment franchise in 2019, Culver's is a privately owned and operated American casual fast food restaurant chain known for their signature ButterBurgers and Frozen Custard. Other signature menu items include cheese curds, chicken sandwiches, fish, french fries, and salads. Established in 2011, Kyle Kolsrud is a Culver’s Franchisee that’s focused on operating and developing restaurants in Tucson, Arizona area and acquiring additional Culver’s locations in other markets. Including the subject property, Kyle currently owns and operates a total of three Culver’s restaurants in the Greater Tucson, Arizona area and one Culver’s restaurant in the Greater Phoenix, Arizona area. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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