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Restaurant

Carl's Jr. Restaurant

105 5th Street, Douglas, AZ 85607

Listing Price: $1,695,000

Cap Rate
9.77%
Tenant Name
Leto Enterprises, LLC
Years Remaining On Lease
4.0
Gross SF
2,489
Guarantor
Franchisee Guarantee
Rentable SF
2,489
Price/Gross SF
$681.00
Lease Type
Absolute Net
Rent Per Square Feet
$63.64

Investment Overview

The subject property is a Carl's Jr. located just off the signalized intersection of Pan American Highway 191 and East 5th Street in Douglas, Arizona. Just one-half mile north of the highly traf?cked United States/ Mexico Port of Entry, Carl's Jr. is the ?rst and last fast-food restaurant available when entering or exiting the United States of America. Located on +/-0.70 acres, this +/-2,489 square foot Carl's Jr. is equipped with a drive-thru lane and abundant on-site parking, of 28 sapes (10 per 1,000). There are approximately 5.6 years remaining on an original 20-year lease with ?ve-percent increases every ?ve years. The lease option includes four, ?ve-year terms. The tenant, Leto Enterprises LLC, is a franchisee of CKE Restaurants, Inc. who owns and operates nine Carl's Jr. Restaurants along with operating Denny's, Del Taco and Cici's Pizza. Located directly across the street from the subject property is a McDonalds restaurant, a Churchs Chicken, and a Best Western Hotel. There are several other national retailors situated nearby, such as Walmart Supercenter, AutoZone, OReilly Auto Parts, Dollar Tree, Dollar General, Game Stop, Sally's Beauty Supply, JCPenney and several more.

Investment Highlights

  • Just under 5 years remaining on Absolute NNN Lease
  • Fixed 5% rental increases every five years
  • Located directly off Pan-American Highway 191

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Restaurant

Carl's Jr. Restaurant

Listing Price: $1,695,000

Cap Rate
9.77%
Tenant Name
Leto Enterprises, LLC
Years Remaining On Lease
4.0
Gross SF
2,489
Guarantor
Franchisee Guarantee
Rentable SF
2,489
Price/Gross SF
$681.00
Lease Type
Absolute Net
Rent Per Square Feet
$63.64

Investment Highlights

  • Just under 5 years remaining on Absolute NNN Lease
  • Fixed 5% rental increases every five years
  • Located directly off Pan-American Highway 191

Investment Overview

The subject property is a Carl's Jr. located just off the signalized intersection of Pan American Highway 191 and East 5th Street in Douglas, Arizona. Just one-half mile north of the highly traf?cked United States/ Mexico Port of Entry, Carl's Jr. is the ?rst and last fast-food restaurant available when entering or exiting the United States of America. Located on +/-0.70 acres, this +/-2,489 square foot Carl's Jr. is equipped with a drive-thru lane and abundant on-site parking, of 28 sapes (10 per 1,000). There are approximately 5.6 years remaining on an original 20-year lease with ?ve-percent increases every ?ve years. The lease option includes four, ?ve-year terms. The tenant, Leto Enterprises LLC, is a franchisee of CKE Restaurants, Inc. who owns and operates nine Carl's Jr. Restaurants along with operating Denny's, Del Taco and Cici's Pizza. Located directly across the street from the subject property is a McDonalds restaurant, a Churchs Chicken, and a Best Western Hotel. There are several other national retailors situated nearby, such as Walmart Supercenter, AutoZone, OReilly Auto Parts, Dollar Tree, Dollar General, Game Stop, Sally's Beauty Supply, JCPenney and several more.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

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