Carl's Jr | New 20yr Abs NNN | DrThru 19360 US 93

Investment Highlights

Brand New 20-Year Lease | Franchisee Guaranteed |Scheduled Rental Increases | Brand New Construction U.S. Highway 93 (16,100 SF) | Drive-Thru Equipped | Excellent Visibility & Access Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities Nearby Truck Stop & Gas Station |Limited Competition in Surrounding Area

Executive Summary

SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, franchisee guaranteed, drive-thru equipped, Carl?s Jr. investment property located in White Hills, Arizona. The tenant, LV Pretroleum, LLC, recently signed a brand new 20-year lease with 4 (10-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and FMV increases throughout the option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The newly-constructed building features a state-of-the-art design and high-quality materials. Founded in 1941, Carl?s Jr. has been a West Coast favorite for almost 80 years, known for their iconic charbroiled burgers. Today, they have more than 1,000 locations across the U.S. and serves 28 countries worldwide.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Fast Food General Retail Freestanding Restaurant
• Building Size    2,586
• Year Built    2023
• Price    3,750,000
• Price Per SF    1,450
• Cap Rate    8
• NOI    300,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.02
• Land Acres    3.40 AC

• Freeway Visibility
• Restaurant
• Signage
• Monument Signage