Carl’s Jr.,
San Antonio, TX Investment Summary
| Price | $2,000,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 years |
| Lease Type | |
| Rental Increases | 15% in year six and 10% every five years throughout the remaining initial term and options. |
| Year Built | 2008 |
| Building Size | 2,909 sq. ft. |
| Lot Size | 0.47 Acres (20,473 sq. ft.) |
| Status | Sold |
| Lead Brokers | Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
20-YEAR ABSOLUTE NET GROUND LEASE
» 13 Years Remaining
» 10% Increases Every 5 Years
» No Landlord Obligations
CORPORATE GROUND LEASE
» Generates over $1.3 Billion in Revenue
EXCELLENT LOCATION WITH OVER 48,000 VEHICLES PER DAY
» Outparcel to Dominant H-E-B Grocery Store with Fuel
» Out-Positions All Other Fast-Food Restaurants in Immediate Vicinity
» Strong Retail Corridor
Property Description
SOLD
The property is located in an H-E-B-anchored shopping center on the southeast corner of Foster Road and Seguin Road. A shopping cneter anchored by Target, Ross, Office Max, and Petco is located one-half mile to the east of the property. Neighboring retailers include Walgreens, Chase Bank, and Auto Zone. The Carl’s Jr. benefits from very strong daily traffic counts along Seguin Road with average daily traffic in excess of 27,000 vehicles per day. The H-E-B shopping center draws thousands of customers weekly, providing the property with strong long-term viability. In addtion, the Carl’s Jr. location has the best visibility and retail synergy of any of the Quick-Serve Restaurants at the intersection of Seguin Road and N. Foster Road.
