HIGHLIGHTS
- Absolute NNN Lease – Tenant is responsible for all expenses providing an investor with passive income for the next 3.2 years
- Signalized Corner Location – Situated at a highly visible four-way signalized intersection with combined traffic counts of 47,600 VPD
- Experienced Franchise Operator – Operated by StarCorp LLC, one of the largest Carl’s Jr. franchisees in the country with 150+ locations nationwide
- Attractive Percentage Rent – Lease features 10% rent increases every five years and percentage rent of 9.5% of gross sales over $1,100,000
- Limited Internal Competition – The subject property benefits from limited brand cannibalization, with the nearest Carl’s Jr. located 4.8 miles away.
- Long-Term Historical Occupancy – Carl’s Jr. has successfully operated at this location for approximately 27 years (since 1999).
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$608 USD /SF
CAP RATE
6.74%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Carl's Jr Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
Commercial
APN/PARCEL ID
140-29-044B
ASK ABOUT THIS PROPERTY
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602-975-0804
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602-975-0804
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
