Restaurant

Carl's Jr.

4966 Florence Ave, Bell, CA 90201

Listing Price: $4,800,000

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Gross SF
2,925
Guarantor
Limited Corporate Guarantee
Rentable SF
2,925
Price/Gross SF
$1,641.03
Lease Type
Absolute Net
Rent Per Square Feet
$61.54

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4966 Florence Avenue in Bell, California. The property consists of roughly 2,925 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 with rent set to commence upon the close of escrow. Base rent will be $180,000 with rental increases of 10% every 5 years throughout the base term and into the four (4), five (5)-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Sale-Leaseback
  • Strong Guaranty from Carls Jr. Restaurants, LLC
  • Attractive 10% Rental Increases Every 5 Years

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

Listing Price: $4,800,000

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Gross SF
2,925
Guarantor
Limited Corporate Guarantee
Rentable SF
2,925
Price/Gross SF
$1,641.03
Lease Type
Absolute Net
Rent Per Square Feet
$61.54

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Sale-Leaseback
  • Strong Guaranty from Carls Jr. Restaurants, LLC
  • Attractive 10% Rental Increases Every 5 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 4966 Florence Avenue in Bell, California. The property consists of roughly 2,925 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 with rent set to commence upon the close of escrow. Base rent will be $180,000 with rental increases of 10% every 5 years throughout the base term and into the four (4), five (5)-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

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