Carls Jr

416 South Watson Road, Buckeye, AZ 85326

$2,789,000

Cap Rate 5.25%

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DOM: 51 Updated: 08.21.25 Posted: 08.21.25 Status: Active 08.21.25

Summary

Price $2,789,000	Built/Renov 2010	Tenant Carls Jr
Cap Rate 5.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,058	Lease Start 11-30-2007	#Units 3,600
Price/SF $912.03	Expiration 11-30-2027	Tenant Type Fast Food/QSR
NOI $146,410	R. Term 2.1	Ownership Ground Lease
Rent/SF $47.88	Increases 10.0%/6/yrs	Pop 5Mi 83,166
Lot/AC 1.25	Options 2/5yrs/10%	AHHI 5Mi $128,307

Highlights

Carl’s Jr. has operated at this location since 2010 with a long 20-year original lease term
The lease features flat rent for the balance of the term with 10% rental increases at each of the two 5-year renewal options
Two 5-year renewal options remaining with scheduled rent bumps
Absolute NNN Ground Lease | Zero Landlord Responsibilities
Personally guaranteed by Jason & Andrea LeVecke, Margaret LeVecke, and Carl & Neisha LeVecke

Location Description

Carl’s Jr. is strategically located along South Watson Road in Buckeye, Arizona, with access to a daily traffic count of approximately 61,961 vehicles on Watson Road and 88,764 vehicles on Interstate 10. The site is surrounded by major national retailers including Walmart Supercenter, Lowe’s, PetSmart, Fry’s Marketplace, AutoZone, Dollar Tree, Boot Barn, AT&T, T-Mobile, Chipotle, McDonald’s,...

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Key Features

Signalized intersection
Hard corner intersection
Major thoroughfare
Near major nationals
Dense 100M+ pop 5 mi
Major MSA
Long operation history
Low rent to sales ratio
Personal guarantee

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Links

Carls Jr. Wikipedia Carls Jr. Wikipedia Buckeye, AZ Zip Code 85326 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Carls Jr.
Guarantor:Franchisee
Company:Jason & Andrea LeVecke, Margaret LeVecke, Carl & Neisha LeVecke
# Units:3,600

About Tenant

Carl’s Jr. Restaurants LLC (doing business as Carl’s Jr.) is an American fast food restaurant chain with franchises in North and South America, Asian, Oceania, Europe and Africa. The chain’s...

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Demographics

	1 Miles	3 Miles	5 Miles
2030 Total Population :	9,554	43,267	94,618
2025 Total Population :	8,294	36,879	83,166
2025 Employed Civilian Pop :	3,953	19,210	41,168
2025 Total Businesses :	140	327	711
2025 Average Household Income :	$ 129,975	$ 128,163	$ 128,307
2025 Total Consumer Spending :	$ 294 M	$ 1246 M	$ 2807 M
2025 Median Age :	35	33	33
2025 Total Households :	2,618	11,256	25,399
2025 Pop Age 25+: Bachelor's Degree :	1,015	3,582	8,917
2025 Average Home Value :	$ 451,883	$ 468,874	$ 504,183

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	I- 10	2022	3,047	0.04 mi
	S Watson Rd	2022	12,888	0.10 mi
North Watson Road	I- 10	2022	2,663	0.10 mi
	S Watson Rd	2022	3,189	0.14 mi
	S Watson Rd	2022	13,463	0.18 mi
I- 10	S Watson Rd	2009	42,000	0.25 mi
South Watson Road	W Hopi St	2018	16,722	0.75 mi
S Watson Rd	W Hopi St	2015	15,900	0.75 mi
I- 10	S Watson Rd	2015	68,116	0.88 mi
Pearl Harbor Memorial Highway	W Mesquite Dr	2022	93,238	1.07 mi

Listing Broker

Brian Pfohl

CBRE: NLPG Atlanta

Contact

155 Listings
40649 Views
79 Sold

Chris Bosworth

CBRE: NLPG Atlanta

Contact

157 Listings
41208 Views
82 Sold

Brian Pfohl

Brian Pfohl is an Executive Vice President with CBRE’s Net Lease Property and Corporate Capital Markets practice groups. Mr. Pfohl’s singular focus is to advise corporate users, institutions, private equity firms, REITs, developers, and private individuals regarding all facets of net-leased properties. Mr. Pfohl’s expertise stems from the myriad of sale-leaseback transactions, net lease investment sales, programmatic portfolio dispositions, and advisement assignments he has completed throughout

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Chris Bosworth

Chris Bosworth is a Vice Chairman and Managing Director of the CBRE Net Lease Property Group and Corporate Capital Markets practice. Mr. Bosworth’s focus is to advise institutions, private equity firms, REITs, developers and corporate users regarding all facets of net-leased properties. In his career, Mr. Bosworth and his partners, Will Pike and Brian Pfohl, have been responsible for the disposition of 3,900 transactions valued in excess of $29 billion. Mr. Bosworth and Mr. Pike co-head the

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