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Restaurant

Carl's Jr

5166 Vineland Ave, North Hollywood, CA 91601

Listing Price: $6,250,000

Cap Rate
4.00%
Tenant Name
Carl's Jr
Guarantor
Franchisee Guarantee
Rentable SF
3,334
Lease Type
Absolute Net
Rent Per Square Feet
$74.99

Investment Overview

Located on the hard, signalized corner of Vineland Avenue and Magnolia Boulevard (±60,000 VPD), Carl’s Jr features easy access, excellent visibility, and is strategically located in the center of the North Hollywood Arts District. The property is well situated in Los Angeles County and is located within the largest concentration of music recording venues west of the Mississippi. Carl’s Jr is less than one mile from a planned $1 billion mixed-use development at Lankershim and Chandler. The opening of North Hollywood station in 2000, establishment and success of the NoHo Arts District in the old “downtown”, and repurposing of disused lots such as Laurel Plaza into NOHO West, has revitalized the heart of North Hollywood.
North Hollywood’s NoHo Arts District is less than ten minutes from bustling Hollywood Boulevard and is on the far eastern edge of Griffith Park. In the town’s roughly one-square-mile center you will find more than 20 professional theatres putting on performances in LA’s version of “off-Broadway”. NoHo is unusually accessible on foot in the Greater Los Angeles area, and consists of many retro-inspired cocktail
lounges, craft beer bars, vintage shops, and casual cafes. The North Hollywood population has increased by 5.18% since 2000, and the number of households has increased by 7.13%.

Investment Highlights

  • Trophy Carl's Jr Location - 20-Year Absolute NNN Sale-Leaseback.
  • 61-Unit Carl's Jr Franchisee - Largest California-based Franchisee
  • Easy Access and Excellent Visibility to Over 60,000 VPD.
  • Excellent Retail Synergy within Ralph's Anchored Center.
  • "Main and Main" in NoHo Arts District.
  • 31 Years of Occupancy and Planned 2025 Store Remodel.

Exclusively Listed By

Financing By

Listing Price: $6,250,000

Cap Rate
4.00%
Tenant Name
Carl's Jr
Guarantor
Franchisee Guarantee
Rentable SF
3,334
Lease Type
Absolute Net
Rent Per Square Feet
$74.99

Investment Highlights

  • Trophy Carl's Jr Location - 20-Year Absolute NNN Sale-Leaseback.
  • 61-Unit Carl's Jr Franchisee - Largest California-based Franchisee
  • Easy Access and Excellent Visibility to Over 60,000 VPD.
  • Excellent Retail Synergy within Ralph's Anchored Center.
  • "Main and Main" in NoHo Arts District.
  • 31 Years of Occupancy and Planned 2025 Store Remodel.

Investment Overview

Located on the hard, signalized corner of Vineland Avenue and Magnolia Boulevard (±60,000 VPD), Carl’s Jr features easy access, excellent visibility, and is strategically located in the center of the North Hollywood Arts District. The property is well situated in Los Angeles County and is located within the largest concentration of music recording venues west of the Mississippi. Carl’s Jr is less than one mile from a planned $1 billion mixed-use development at Lankershim and Chandler. The opening of North Hollywood station in 2000, establishment and success of the NoHo Arts District in the old “downtown”, and repurposing of disused lots such as Laurel Plaza into NOHO West, has revitalized the heart of North Hollywood. North Hollywood’s NoHo Arts District is less than ten minutes from bustling Hollywood Boulevard and is on the far eastern edge of Griffith Park. In the town’s roughly one-square-mile center you will find more than 20 professional theatres putting on performances in LA’s version of “off-Broadway”. NoHo is unusually accessible on foot in the Greater Los Angeles area, and consists of many retro-inspired cocktail lounges, craft beer bars, vintage shops, and casual cafes. The North Hollywood population has increased by 5.18% since 2000, and the number of households has increased by 7.13%.

Exclusively Listed By

Financing By

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