Restaurant
Carl's Jr.
4610 Carpinteria Ave, Carpinteria, CA 93013
Listing Price: $2,688,447
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.
Listing Price: $2,688,447
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.
