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July 7, 2020
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Two AZ Carl’s Jr Stores Sell for $3.4 Mil


Two AZ Carl’s Jr.’s totaling 6.8k sf traded hands in a deal worth $3.4 mil. The properties, located at 1880 E. Broadway Blvd in Tucson, and 5775 W. Northern Ave in Glendale, were controlled by Strata Equity Corporation Inc and purchased by Phoenix-based Starcorp LLC.

The two single-tenant, fast food chain restaurants were 100% occupied by Carl’s Jr restaurants at the time of sale. The property at 1880 E. Broadway Blvd, totaling 2.6k sf, sold for $1.7 mil. The property at 5775 W. Northern Ave, which also sold for $1.7 mil, is 4.2k sf. The franchisee, Starcorp, plans to continue operating both of the locations as Carl’s Jr. restaurants.

Chris Hollenbeck and Brad Douglass of Cushman & Wakefield represented San Diego-based Strata Equity Corporation Inc in the transaction. According to Hollenback, Starcorp is a well-known Carl's Jr. and Hardee's franchisee in Arizona.

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