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Restaurant

Carl's Jr.

4610 Carpinteria Ave, Carpinteria, CA 93013

Listing Price: $2,688,447

Cap Rate
4.25%
Tenant Name
Carl's Jr.
Years Remaining On Lease
13.9
Gross SF
4,440
Guarantor
Franchisee Guarantee
Rentable SF
4,440
Price/Gross SF
$605.51
Lease Type
Absolute Net
Rent Per Square Feet
$25.73

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4610 Carpinteria Avenue in Carpinteria, California. The property consists of roughly 4,440 rentable square feet of building space and is located on an estimated 1.36-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on May 12th, 2015 and has just under 15 years remaining. The current rent is $114,259 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 15 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Central Coast Star, LLC

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    (213) 943-1850

    License(s) CA: 01172596

    California

Listing Price: $2,688,447

Cap Rate
4.25%
Tenant Name
Carl's Jr.
Years Remaining On Lease
13.9
Gross SF
4,440
Guarantor
Franchisee Guarantee
Rentable SF
4,440
Price/Gross SF
$605.51
Lease Type
Absolute Net
Rent Per Square Feet
$25.73

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Lease with Nearly 15 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Central Coast Star, LLC

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4610 Carpinteria Avenue in Carpinteria, California. The property consists of roughly 4,440 rentable square feet of building space and is located on an estimated 1.36-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on May 12th, 2015 and has just under 15 years remaining. The current rent is $114,259 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

    (213) 943-1850

    License(s): CA: 01172596

    California

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