12260 State Highway 33 - Fast Food FOR SALE
Gustine, CA 95322 |
$2,795,000 USD
310-793-6069
12260 State Highway 33
Gustine, CA 95322
HIGHLIGHTS
- Absolute NNN lease with zero landlord responsibilities, featuring CPI (per LA County) rent increases every five years, capped at 10%.
- Corporate guaranteed (1,000+ locations across the US and 3,800 globally, serving 43 countries).
- Well positioned within a large rest stop and transportation hub with nine gas/charging stations, four hotels and many retailers.
- Lease requires annual store sales reporting.
- Carl’s Jr has renewed/extended the lease multiple times, including a 20 year extension in 2010.
- Tax benefits – Subject property is fee simple, allowing the owner to benefit from depreciation.
OVERVIEW
Transwestern is pleased to exclusively offer for sale a single tenant Carl’s Jr in Santa Nella, California. Located within a popular I-5 rest stop, the property benefits from large traffic counts and a plethora of national retailers including the famous Pea Soup Andersen's. This is a corporate guaranteed location on an absolute NNN lease that has been operating here for 36+ years. Additionally, the property benefits from an oversized, 2.30 acre, lot which can potentially be subdivided for a second building or tenant (contact broker for more details and site plan).
FOR SALE DETAILS
PRICE
$2,795,000 USD
PRICE/SF
$520 USD /SF
CAP RATE
5.52%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Carl's Jr.
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
2.3 AC
LAND SF
100,188 SF
ZONING
C2
APN/PARCEL ID
070-230-022
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310-793-6069
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310-793-6069
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