x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Carl’s Jr. Ground Lease, Stockton, CA

Carl’s Jr. Ground Lease

Price $2,030,000
Cap Rate 4.00%
NOI $81,203
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five Years
Year Built 1999
Building Size 3,050 SF
Lot Size 0.6 Acres (26,136 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

ABSOLUTE NNN GROUND LEASE TO CORPORATE TENANT
» Absolute NNN ground lease requires no landlord management
» Scheduled rental increases, providing a head against inflation
» Rare corporate lease, guaranteed by Carl Karcher Enterprises, Inc.
» Excellent hard-corner location with long operating history since 1999

HIGH-TRAFFIC LOCATION WITH IMMEDIATE FREEWAY ACCESS
» Immediate access to Interstate 5, California’s primary north-south freeway, with 99,000 vehicles per day
» Located at signalized hard corner, with excellent visibility and access to 54,700 vehicles per day
» Ideal location catering to automobile traffic, allowing Carl’s Jr. to serve the steady flow of commuters, travelers, and commercial drivers in the area

DENSELY-POPULATED LOCATION WITH LARGE CUSTOMER BASE
» Population of 223,304 within a five-mile radius
» Close proximity to Lincoln High School, Bear Creek High School, and San Joaquin Delta College, with a combined enrollment of 23,210 students
» Stockton is the 13th largest city in California

IDEAL LOCATION NEAR MAJOR RETAILERS
» Prime location in retail corridors surrounding West Hammer Lane and Interstate 5
» Just south of major power center with over one million square feet of retail space



Property Description

The property is conveniently located at the signalized hard corner of West Hammer Lane and Kelley Drive, with excellent visibility and access to 54,700 vehicles per day. The site benefits from immediate access to Interstate 5, California’s most important north-south route, with a high traffic count of 99,000 vehicles per day. Several major retailers are near the property, including Walgreens, 7-Eleven, KFC, MetroPCS, Taco Bell, and Jack in the Box. The property is also near several large shopping centers, including Stockton’s two malls: Sherwood Mall and Weberstown Mall. Sherwood Mall recently underwent renovations to the former Gottschalk’s locations to accommodate Dick’s Sporting Goods and Sky Zone, the Central Valley’s first indoor trampoline park. Both malls are anchored by several large department stores, including Dillard’s, Macy’s, JCPenney, and Sears. They also have a host of specialty stores, such as Best Buy, Pac-Sun, Aeropostale, Hallmark, American Eagle, Barnes & Noble, Express, Bath & Body Works, Hot Topic, and Hollister. Just north of the property is Park West Place, a retail power center that houses over one million square feet of retail space and features Target, Lowe’s, Cost Plus World Market, Kohl’s, Bed Bath & Beyond, Babies “R” Us, Lane Bryant, Ross, and PetSmart, among others. Park West Place also includes Starbucks, Jamba Juice, Panera Bread, Chipotle, Round Table Pizza, and several other dining establishments.

The property is located in a densely-populated area with a large customer base. Lincoln High School, Bear Creek High School, and San Joaquin Delta College are all located near the property. The three schools have a combined enrollment of 23,210 students. Additionally, 223,304 people live within a five-mile radius of the site, providing a large customer base for Carl’s Jr.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link