Phoenix, AZ - Carl's Jr.

Description:

• The tenant currently has 5 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 7.50% increase in Jan. of 2028 and continuing in the options thereafter, growing NOI and hedging against inflation
• StarCorp LLC is the franchisee guarantor and operates more than 140 Carl’s Jr. and Hardees locations, making it one of the brand’s most successful operators

• The subject property is located along E Chandler Blvd, a major retail road, that averages 43,400 VPD
• The site benefits from nearby direct on/off ramp access to Interstate 10, a major thoroughfare that averages 77,800 vehicles passing by daily
• The asset is located in close proximity to Ahwatukee Foothills Towne Center, a 705,000 SF shopping center, anchored by Marshall’s, Best Buy, Petco, Petsmart, Ross, Sprouts and more