Carl’s Jr. | Green Burrito,
Bakersfiled, CA Investment Summary
| Price | $2,565,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years with 8 Years Remaining |
| Lease Type | |
| Rental Increases | CPI Increases After Year 5 and at the Beginning of Each Option Period (Max 9%) |
| Year Built | 1989 |
| Building Size | 2,734 sq. ft. |
| Lot Size | 0.98 Acres (42,839 sq. ft.) |
| Status | Sold |
| Lead Brokers | Ryan Forsyth Executive Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vince Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Eight-year NNN lease, with four (4) five (5) year option periods
» Scheduled rental increases, providing a hedge against inflation
» Zero landlord management – provides ideal investment for an out-of-area investor
TOP-PERFORMING LOCATION WITH LONG OPERATING HISTORY
» Sales volume nearly 20% higher than the average Carl’s Jr. location
» Carl’s Jr. has operated successfully in this location since 1989, and is committed to remaining in this location
HIGH-TRAFFIC LOCATION NEAR MAJOR THOROUGHFARES
» Excellent access and visibility to 143,000 vehicles per day on Rosedale Highway
» Located just off of U.S. Highway 99 – 144,000 AADT
» U.S. Highway 99 is the main route through the Central Valley’s major population centers
» Rosedale Highway/U.S. Highway 58 provides direct access to Edward’s Air Force Base, Kern County’s largest employer
IDEAL LOCATION, CATERING TO AUTOMOBILE TRAFFIC
» Located on freeway-visible parcel just off of U.S. Highway 99
» Located near several hotels and gas stations, allowing Carl’s Jr. to serve the steady flow of travelers and commercial drivers in the area
» Features dedicated drive-thru, providing customer convenience and boosting sales revenue
Click Here to Download Offering Memorandum
Property Description
SOLD
The property is strategically located on Rosedale Highway, with access and visibility to 143,000 vehicles per day. The site is located on a freeway-visible parcel just off of U.S. Highway 99, which experiences high traffic counts of 144,000 vehicles per day. U.S. Highway 99 is a major route through the Central Valley, serving the densely populated eastern parts of the Central Valley. Cities served include Bakersfield, Visalia, Fresno, Madera, Merced, Modesto, Stockton, Sacramento, Turlock, Yuba City, and Chico. Rosedale Highway, also known as U.S. Highway 58, provides direct access to Edwards Air Force Base, Kern County’s largest employer.
The property is located in an established retail area in Bakersfield and is surrounded by complimentary land uses. The site is directly adjacent to Costco and is across the street from Rosedale Place, which includes Harbor Freight Tools and 24 Hour Fitness. Additionally, multiple hotels and gas stations are located near the property, allowing Carl’s Jr. to capitalize on the high-volume of travelers and commercial traffic that come through the area. The property also benefits from its location in a densely populated area; 297,981 people live within a five-mile radius of the property.
