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Restaurant

Carl's Jr

2053 TX-11 Loop, Wichita Falls, TX 76306

Listing Price: $1,569,733

Cap Rate
5.25%
Tenant Name
OK Restaurant Holdings, LLC
Years Remaining On Lease
15.1
Gross SF
3,080
Guarantor
Personal Guarantee
Rentable SF
3,080
Price/Gross SF
$509.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.76

Investment Overview

Marcus and Millichap is pleased to represent this 3,080 sq ft Carls Jr. located in Wichita Falls, TX. Carls Jr. is operating under a 20-Year Absolute NNN Lease. The tenant has been operating successfully at this location since 1980 and the property was remodeled in 2015. The property benefits from its visibility, strategically located on Loop 11 off Two Major Highways (287 & 44), seeing over 69,000 Cars Per Day. Store Sales have improves 14% over the last 12 Months.
The property is easily accessible off Freeways I-44 & TX-287 being very popular with travelers circulating between Amarillo, Tulsa, Oklahoma City, and Dallas-Ft. Worth. There are numerous national retailers and service oriented retailers that are clustered in the immediate area. A Walmart Supercenter anchors the Loop 11 retail trade area which includes Taco Bell/KFC, Jack In The Box, What-a-Burger, Dennys, Starbucks, the YMCA, and Cracker Barrel restaurant.

Investment Highlights

  • Absolute NNN Lease | 15+ Years Remaining
  • 14% increase in restaurant sales from 2019 to 2020 | Healthy Rent to Sales Ratio
  • 10% Rental Increases Every 5 Years
  • Irreplaceable Off-ramp Location| 69,000+ Vehicles Per Day at Interstate 44
  • Carls Jr. has been operating successfully at this location for over 40 Years

Exclusively Listed By

Listing Price: $1,569,733

Cap Rate
5.25%
Tenant Name
OK Restaurant Holdings, LLC
Years Remaining On Lease
15.1
Gross SF
3,080
Guarantor
Personal Guarantee
Rentable SF
3,080
Price/Gross SF
$509.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.76

Investment Highlights

  • Absolute NNN Lease | 15+ Years Remaining
  • 14% increase in restaurant sales from 2019 to 2020 | Healthy Rent to Sales Ratio
  • 10% Rental Increases Every 5 Years
  • Irreplaceable Off-ramp Location| 69,000+ Vehicles Per Day at Interstate 44
  • Carls Jr. has been operating successfully at this location for over 40 Years

Investment Overview

Marcus and Millichap is pleased to represent this 3,080 sq ft Carls Jr. located in Wichita Falls, TX. Carls Jr. is operating under a 20-Year Absolute NNN Lease. The tenant has been operating successfully at this location since 1980 and the property was remodeled in 2015. The property benefits from its visibility, strategically located on Loop 11 off Two Major Highways (287 & 44), seeing over 69,000 Cars Per Day. Store Sales have improves 14% over the last 12 Months.
The property is easily accessible off Freeways I-44 & TX-287 being very popular with travelers circulating between Amarillo, Tulsa, Oklahoma City, and Dallas-Ft. Worth. There are numerous national retailers and service oriented retailers that are clustered in the immediate area. A Walmart Supercenter anchors the Loop 11 retail trade area which includes Taco Bell/KFC, Jack In The Box, What-a-Burger, Dennys, Starbucks, the YMCA, and Cracker Barrel restaurant.

Exclusively Listed By

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