6360 Westside Rd - Fast Food FOR SALE


Redding, CA 96001
$2,828,000 USD
949-725-8606
6360 Westside Rd, Redding, CA for Sale
$2,828,000 USD
Fast Food - FOR SALE
1/11
null | 5.5% Cap Rate

6360 Westside Rd
Redding, CA 96001


HIGHLIGHTS

  • 100% leased to an established and iconic American fast-food tenant - Carl’s Jr.
  • High Performing Location – Carl’s Jr. reports consistent sales, and is paying percentage rent in addition to base rent

OVERVIEW

* International Brand – 100% leased to an established and iconic American fast-food tenant - Carl’s Jr. * High Performing Location – Carl’s Jr. reports consistent sales, and is paying percentage rent in addition to base rent * Long-Term History, Long-Term Extension – With over 45 years of history at this location (since 1981!), Carl’s Jr. recently extended its lease for a 15-year term (August 2037 expiration) with 2 additional 5-year options, demonstrating the tenant’s commitment to this location and its ongoing viability. * Attractive Rental Increases – The 15-year lease extension is structured with 6% rental increases every 2 years, an extremely rare but extremely attractive investment attribute providing far superior income growth and inflation hedge than most single-tenant net-leased (STNL) investments. * Synergistic Co-Tenancy – Carl’s Jr. is a drive-thru out-parcel to Westwood Village, a well-located neighborhood center with national and regional retail operators including Dollar Tree, O’Reilly Auto Parts, Metro by T-Mobile and Round Table Pizza

FOR SALE DETAILS

PRICE

$2,828,000 USD

PRICE/SF

$706 USD /SF

CAP RATE

5.5%

% 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

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,038 SF

ZONING

SC

APN/PARCEL ID

049-500-001-000

ASK ABOUT THIS PROPERTY

John ReadCBREMore Info
949-725-8606

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John ReadCBREMore Info
949-725-8606

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