Carl's Jr. NNN Property For Sale — Fountain Valley, CA
16101 Harbor Blvd., Fountain Valley, CA 92708
This Carl's Jr. property features a brand new 20-year absolute NNN ground lease, commencing January 7th, 2014, with four 5-year options. The lease is corporate guaranteed by Carl Karcher Enterprises, Inc., a subsidiary of CKE Restaurants Inc. and offers 10% rental increases every five years, including all option periods. The restaurant boasts new prototype construction and includes a drive-thru. It is ideally situated on a prominent corner along Harbor Blvd., a high-traffic retail corridor that connects to the 405 freeway and serves a dense residential and commercial area with high barriers to entry in Orange County, CA.
- Address: 16101 Harbor Blvd., Fountain Valley, CA 92708
- Asking price $3.95M
- 4.25% cap rate
- NOI $167,875
- 20 years remaining
- NNN lease
- Year built: 2013
- Building size: 2,927 SF
- Lot size: 0.61 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This Carl's Jr. property is at 16101 Harbor Blvd. in Fountain Valley, California.
Asset type: Retail