Restaurant

Carl's Jr.

1005 S Fairfax Ave, Los Angeles, CA 90048

Listing Price: $4,220,187

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Years Remaining On Lease
16.9
Gross SF
2,614
Guarantor
Franchisee Guarantee
Rentable SF
2,614
Price/Gross SF
$1,614.46
Lease Type
Absolute Net
Rent Per Square Feet
$60.54

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1005 South Fairfax Avenue in Los Angeles, California. The property consists of roughly 2,614 rentable square feet of building space and is located on an estimated 0.34-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on November 21st, 2017 and has over 17 years remaining. The current rent is $158,257 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 Over 17 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Palisades Restaurant Group, Inc.

Exclusively Listed By

Broker of Record

  • Enrique Wong

    First Vice President / Regional Manager

    License(s): CA: 01172596

    California

Listing Price: $4,220,187

Cap Rate
3.75%
Tenant Name
Carl's Jr.
Years Remaining On Lease
16.9
Gross SF
2,614
Guarantor
Franchisee Guarantee
Rentable SF
2,614
Price/Gross SF
$1,614.46
Lease Type
Absolute Net
Rent Per Square Feet
$60.54

Investment Highlights

  • Long-Term, 20-Year Triple-Net (NNN) Lease with Over 17 Years Remaining
  • Attractive 10% Rental Increases Every 5 Years
  • Franchisee Guaranty | Palisades Restaurant Group, Inc.

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Carls Jr. located at 1005 South Fairfax Avenue in Los Angeles, California. The property consists of roughly 2,614 rentable square feet of building space and is located on an estimated 0.34-acre parcel of land.
The property is subject to a 20-year triple-net (NNN) lease which began on November 21st, 2017 and has over 17 years remaining. The current rent is $158,257 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

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