Carl’s Jr. | Green Burrito,
Santa Nella, CA Investment Summary
| Price | $2,594,600 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years with 14 Years Remaining |
| Lease Type | |
| Rental Increases | 10% Every 5 Years |
| Year Built | 1990 |
| Building Size | 5,376 sq. ft. |
| Lot Size | 2.30 Acres (100,188 sq. ft.) |
| Status | Sold |
| Lead Brokers | Ryan Forsyth Senior Managing Director 415.228.9114 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Vince Aicale Senior Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
LONG TERM NNN LEASE WITH SCHEDULED RENT INCREASES
» 14-year NNN lease with three five-year option periods
» Rare corporate guaranteed lease – Carl Karcher Enterprises, Inc.
» 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 1990 and has continued to demonstrate commitment to this location through several lease extensions at rent options
HIGH-TRAFFIC LOCATION NEAR MAJOR THOROUGHFARES
» Located at signalized hard corner with 27,000 vehicles per day in front of the site
» Immediate access to Interstate 5, the main interstate highway on the West Coast and the primary route between Los Angeles and Sacramento
» Close proximity to Pacheco Pass, the main route between the Santa Clara Valley and the Central Valley
IDEAL LOCATION CATERING TO AUTOMOBILE TRAFFIC
» Located near several hotels, travel centers, and gas stations, allowing Carl’s Jr. to serve the steady flow of travelers and commercial drivers in the area
» Over-sized parcel featuring large parking lot with 90 parking spaces, including 15 semi-truck parking spaces, allowing Carl’s Jr. to accommodate large traffic volumes and commuter location
» Features dedicated drive-thru, providing customer convenience and boosting sales revenue
Click Here to Download Offering Memorandum
Property Description
SOLD
Access to Interstate 5 is a block away from the site. Interstate 5 is the main North-South interstate highway on the West Coast and experiences high traffic volumes; the highway boasts an average daily traffic count of 35,500 vehicles per day near the property. Located near several hotels, gas stations, and travel centers, the property is strategically located to take advantage of the high volume of travelers and professional truck drivers served by Highway 33 and Interstate 5.
The property is located near Pea Soup Andersen’s, a world-renowned restaurant and hotel that draws customers from miles around. The San Luis Reservoir and San Luis Reservoir State Recreation Area are also near the site. The fifth-largest reservoir in California, the San Luis Reservoir is a popular destination for camping, boating, fishing, and picnicking. Additionally, the Pacheco Pass Highway skirts the northern edge of the reservoir; the route provides the best access to and from Interstate 5 toward southern California for motorists in or near San Jose.
