Restaurant
Carl's Jr. | Abs. Net with 11 Years Remaining & Rent Increases | High Visibility | Wichita Falls, TX
2053 Loop 11, Wichita Falls, TX 76306
Listing Price: $1,500,000
Cap Rate
5.49%
Tenant Name
Carl's Jr.
Years Remaining On Lease
11.5
Guarantor
Franchisee Guarantee
Rentable SF
3,080
Lease Type
Absolute Net
Rent Per Square Feet
$26.76
Investment Overview
Marcus & Millichap is pleased to bring to market Carl's Jr. located in Wichita Falls, TX.
Carl's Jr. | Abs. Net with 11 Years Remaining & Rent Increases | High Visibility | Wichita Falls, TX
Investment Highlights
- Build-to-Suit for Carl's Jr. in 1980 With Renovations in 2015 | 3,080-SF Building on +/-0.96 Acre Parcel
- Absolute Net Lease With 11 Years Remaining | No Landlord Responsibilities | 10% Rental Increases Every Five Years and in Each of Four, 5-Year Renewal Options
- Lease is Franchisee Guaranteed by OK Restaurant Holdings, a 38 Unit Operator
- Directly Off of US Hwy-287 Exit Ramp, Seeing 25,300+ Vehicles Per Day, Near the I-44 Interchange With 31,400 VPD | Outparcel to Atwoods Farm Supply and Hardware Store, Adjacent to Super 8 Hotel and Gas Station
- Proximity to Nationally Recognized Tenants, Including: Walmart Supercenter, Cracker Barrel, KFC, Great Clips, T Mobile, Subway, Jack in the Box, Denny's, Candlewood Suites, Days Inn, Comfort Inn and More
- Located in an Extremely Dense Residential and Travel Hub, Multiple Housing Developments Within 1-Mile of Subject | Strong Demographics: Daytime Population Exceeds 58,200 Within 5-Miles of the Property and is Expected to Increase by 2027 | Daytime Population Exceeds 70,000 Within 5-Miles
- 3.5 Miles From Sheppard AFB, a US Air Force Training Base With a Population of 60,000 Active Duty and Civilians | The Wichita Falls MSA Has a Population of Over 150,000
- Wichita Falls is 1.5 Hours From the Dallas-Fort Worth Metroplex and 2 Hours From Downtown Oklahoma City
Exclusively Listed By
Broker of Record
Financing By
Restaurant
Carl's Jr. | Abs. Net with 11 Years Remaining & Rent Increases | High Visibility | Wichita Falls, TX
Listing Price: $1,500,000
Cap Rate
5.49%
Tenant Name
Carl's Jr.
Years Remaining On Lease
11.5
Guarantor
Franchisee Guarantee
Rentable SF
3,080
Lease Type
Absolute Net
Rent Per Square Feet
$26.76
Investment Highlights
- Build-to-Suit for Carl's Jr. in 1980 With Renovations in 2015 | 3,080-SF Building on +/-0.96 Acre Parcel
- Absolute Net Lease With 11 Years Remaining | No Landlord Responsibilities | 10% Rental Increases Every Five Years and in Each of Four, 5-Year Renewal Options
- Lease is Franchisee Guaranteed by OK Restaurant Holdings, a 38 Unit Operator
- Directly Off of US Hwy-287 Exit Ramp, Seeing 25,300+ Vehicles Per Day, Near the I-44 Interchange With 31,400 VPD | Outparcel to Atwoods Farm Supply and Hardware Store, Adjacent to Super 8 Hotel and Gas Station
- Proximity to Nationally Recognized Tenants, Including: Walmart Supercenter, Cracker Barrel, KFC, Great Clips, T Mobile, Subway, Jack in the Box, Denny's, Candlewood Suites, Days Inn, Comfort Inn and More
- Located in an Extremely Dense Residential and Travel Hub, Multiple Housing Developments Within 1-Mile of Subject | Strong Demographics: Daytime Population Exceeds 58,200 Within 5-Miles of the Property and is Expected to Increase by 2027 | Daytime Population Exceeds 70,000 Within 5-Miles
- 3.5 Miles From Sheppard AFB, a US Air Force Training Base With a Population of 60,000 Active Duty and Civilians | The Wichita Falls MSA Has a Population of Over 150,000
- Wichita Falls is 1.5 Hours From the Dallas-Fort Worth Metroplex and 2 Hours From Downtown Oklahoma City
Investment Overview
Marcus & Millichap is pleased to bring to market Carl's Jr. located in Wichita Falls, TX.
Exclusively Listed By
Broker of Record
Financing By
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