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Carl’s Jr., San Antonio, TX

Carl’s Jr.

TX, United States

Price $2,000,000
Cap Rate
NOI
Lease Term 20 years
Lease Type
Rental Increases 15% in year six and 10% every five years throughout the remaining initial term and options.
Year Built 2008
Building Size 2,909 sq. ft.
Lot Size 0.47 Acres (20,473 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Senior Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Senior Managing Director
415.228.9114
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

20-YEAR ABSOLUTE NET GROUND LEASE
» 13 Years Remaining
» 10% Increases Every 5 Years
» No Landlord Obligations
CORPORATE GROUND LEASE
» Generates over $1.3 Billion in Revenue

EXCELLENT LOCATION WITH OVER 48,000 VEHICLES PER DAY
» Outparcel to Dominant H-E-B Grocery Store with Fuel
» Out-Positions All Other Fast-Food Restaurants in Immediate Vicinity
» Strong Retail Corridor


Property Description

SOLD

The property is located in an H-E-B-anchored shopping center on the southeast corner of Foster Road and Seguin Road. A shopping cneter anchored by Target, Ross, Office Max, and Petco is located one-half mile to the east of the property. Neighboring retailers include Walgreens, Chase Bank, and Auto Zone. The Carl’s Jr. benefits from very strong daily traffic counts along Seguin Road with average daily traffic in excess of 27,000 vehicles per day. The H-E-B shopping center draws thousands of customers weekly, providing the property with strong long-term viability. In addtion, the Carl’s Jr. location has the best visibility and retail synergy of any of the Quick-Serve Restaurants at the intersection of Seguin Road and N. Foster Road.

Contact Us About This Property

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