KINGMAN, Ariz., March 15, 2023 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Carl's Jr., a 3,092-square-foot net-leased property located in Kingman, Arizona. The asset sold for $3,118,000 ($1,008 PSF).
McAlister Cleary, Chris Lind and Mark Ruble, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a private investor.
Built in 2012, Carl's Jr. is located at 3440 Stockton Hill Road in Kingman, Arizona. The asset is situated immediately off Interstate-40 which hosts 43,300 cars per day, with excellent visibility and access along Stockton Hill Road to 27,600 vehicles per day. Established across from Kingman Regional Medical Center’s main campus, Carl’s Jr. is situated within a dense retail corridor including Smith’s Food and Drug, Walmart, Staples, Safeway, McDonald’s, Taco Bell and Petco.