Restaurant

Carl's Jr.

4880 Campus Dr, Newport Beach, CA 92660

Listing Price: $2,797,627

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Years Remaining On Lease
15.3
Gross SF
4,188
Guarantor
Franchisee Guarantee
Rentable SF
4,188
Price/Gross SF
$668.01
Lease Type
Absolute Net
Rent Per Square Feet
$25.05

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4880 Campus Drive in Newport Beach, California. The property consists of roughly 4,188 rentable square feet of building space and is located on an estimated 0.82-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on April 16th, 2016 and has just under 16 years remaining. The current rent is $104,911 with rental increases of 10% every 5 years throughout the base term and into either one (1), five (5)-year tenant renewal option or one (1), ten (10)-year tenant renewal option.

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Lease with Nearly 16 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | OC Burger Boys, LLC

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

Listing Price: $2,797,627

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Years Remaining On Lease
15.3
Gross SF
4,188
Guarantor
Franchisee Guarantee
Rentable SF
4,188
Price/Gross SF
$668.01
Lease Type
Absolute Net
Rent Per Square Feet
$25.05

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Lease with Nearly 16 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | OC Burger Boys, LLC

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4880 Campus Drive in Newport Beach, California. The property consists of roughly 4,188 rentable square feet of building space and is located on an estimated 0.82-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on April 16th, 2016 and has just under 16 years remaining. The current rent is $104,911 with rental increases of 10% every 5 years throughout the base term and into either one (1), five (5)-year tenant renewal option or one (1), ten (10)-year tenant renewal option.

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

MM Texture Background
MM Textured Background Lower