Restaurant

Carl's Jr.

1445 N Mountain Ave, Ontario, CA 91762

Listing Price: $3,636,275

Cap Rate
4.00%
Tenant Name
Carl's Jr.
Years Remaining On Lease
16.5
Gross SF
3,625
Guarantor
Franchisee Guarantee
Rentable SF
3,625
Price/Gross SF
$1,003.11
Lease Type
Absolute Net
Rent Per Square Feet
$40.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1445 North Mountain Avenue in Ontario, California. The property consists of roughly 3,625 rentable square feet of building space and is located on an estimated 0.73-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on July 25th, 2017 and has nearly 17 years remaining. The current rent is $145,451 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 17 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Akash Restaurants, LLC

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

Listing Price: $3,636,275

Cap Rate
4.00%
Tenant Name
Carl's Jr.
Years Remaining On Lease
16.5
Gross SF
3,625
Guarantor
Franchisee Guarantee
Rentable SF
3,625
Price/Gross SF
$1,003.11
Lease Type
Absolute Net
Rent Per Square Feet
$40.12

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Lease with Nearly 17 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Akash Restaurants, LLC

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1445 North Mountain Avenue in Ontario, California. The property consists of roughly 3,625 rentable square feet of building space and is located on an estimated 0.73-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on July 25th, 2017 and has nearly 17 years remaining. The current rent is $145,451 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