The Northmarq National Restaurant Group & CIRE Partners are pleased to present this single-tenant Carl's Jr. located at 1800 Eureka Way in Redding, CA. The property operates under an absolute NNN lease with approximately 2.9 years remaining and three, ten-year renewal options. With no landlord responsibilities and rent paid as a fixed 8% of gross sales, the asset offers stable long-term income and predictable growth backed by a nationally recognized quick service restaurant brand.
Annual rent has exceeded $88,000 each of the past two years, showing significant upside to the landlord in a re-leasing scenario. Being a percentage rent lease, the rent-to-sales ratio is fixed at a healthy 8% ratio.
Positioned at the signalized intersection of Eureka Way and Court Street, the property features visibility to over 39,000 VPD. The site benefits from strong demographics with 50,000+ residents surrounding the property. The property is located down the road from two hospitals with a total of 221 staffed beds as well as Shasta High School (1,284 students). In addition, the property is surrounded by national retailers such as 7-Eleven, ACE Hardware, VCA Animal Hospital, Walgreens, Starbucks, Taco Bell, Burger King, and Wienerschnitzel, creating consistent daily traffic and supporting a durable investment in a proven Northern California city.