1800 Eureka Way - Fast Food FOR SALE


Redding, CA 96001
$1,478,966 USD
858-768-1280
1800 Eureka Way, Redding, CA for Sale
$1,478,966 USD
Fast Food - FOR SALE
1/6
null | 6.01% Cap Rate

1800 Eureka Way
Redding, CA 96001


HIGHLIGHTS

  • ABSOLUTE NNN LEASE PROVIDES A PASSIVE INVESTMENT AND INCOME
  • GUARANTEED 8% RENT-TO-SALES RATIO
  • OPERATED AND GUARANTEED BY EXPERIENCED FRANCHISEE
  • HIGH VISIBILITY LOCATION ON SIGNALIZED INTERSECTION
  • LOCATED ALONG PRIMARY CORRIDOR IN REDDING | SURROUNDED BY MAJOR TRAFFIC DRIVERS
  • STRONG SURROUNDING CO-TENANCY | DENSE SURROUNDING DEMOGRAPHICS

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,478,966 USD

PRICE/SF

$690 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

-

APN/PARCEL ID

103-010-029-000

ASK ABOUT THIS PROPERTY

Will PuralNorthmarqMore Info
858-768-1280

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Will PuralNorthmarqMore Info
858-768-1280

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.