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Carl's Jr. 1800 Eureka Way 2,142 SF Retail Building Redding, CA 96001 $2,007,401 CAD ($937.16 CAD/SF) 6.01% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE PROVIDES A PASSIVE INVESTMENT AND INCOME
- OPERATED AND GUARANTEED BY EXPERIENCED FRANCHISEE
- LOCATED ALONG PRIMARY CORRIDOR IN REDDING | SURROUNDED BY MAJOR TRAFFIC DRIVERS
- GUARANTEED 8% RENT-TO-SALES RATIO
- HIGH VISIBILITY LOCATION ON SIGNALIZED INTERSECTION
- STRONG SURROUNDING CO-TENANCY | DENSE SURROUNDING DEMOGRAPHICS
Executive Summary
The Northmarq National Restaurant Group & CIRE Partners are pleased to present this single-tenant Carl's Jr. located at 1800 Eureka Way in Redding, CA. The property operates under an absolute NNN lease with approximately 2.9 years remaining and three, ten-year renewal options. With no landlord responsibilities and rent paid as a fixed 8% of gross sales, the asset offers stable long-term income and predictable growth backed by a nationally recognized quick service restaurant brand.
Annual rent has exceeded $88,000 each of the past two years, showing significant upside to the landlord in a re-leasing scenario. Being a percentage rent lease, the rent-to-sales ratio is fixed at a healthy 8% ratio.
Positioned at the signalized intersection of Eureka Way and Court Street, the property features visibility to over 39,000 VPD. The site benefits from strong demographics with 50,000+ residents surrounding the property. The property is located down the road from two hospitals with a total of 221 staffed beds as well as Shasta High School (1,284 students). In addition, the property is surrounded by national retailers such as 7-Eleven, ACE Hardware, VCA Animal Hospital, Walgreens, Starbucks, Taco Bell, Burger King, and Wienerschnitzel, creating consistent daily traffic and supporting a durable investment in a proven Northern California city.
Annual rent has exceeded $88,000 each of the past two years, showing significant upside to the landlord in a re-leasing scenario. Being a percentage rent lease, the rent-to-sales ratio is fixed at a healthy 8% ratio.
Positioned at the signalized intersection of Eureka Way and Court Street, the property features visibility to over 39,000 VPD. The site benefits from strong demographics with 50,000+ residents surrounding the property. The property is located down the road from two hospitals with a total of 221 staffed beds as well as Shasta High School (1,284 students). In addition, the property is surrounded by national retailers such as 7-Eleven, ACE Hardware, VCA Animal Hospital, Walgreens, Starbucks, Taco Bell, Burger King, and Wienerschnitzel, creating consistent daily traffic and supporting a durable investment in a proven Northern California city.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,142 SF
Building Class
C
Year Built/Renovated
1999/2022
Price
$2,007,401 CAD
Price Per SF
$937.16 CAD
Cap Rate
6.01%
NOI
$120,595 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.67 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 103-010-029-000 | Improvements Assessment | $1,151,570 CAD |
| Land Assessment | $1,226,671 CAD | Total Assessment | $2,378,241 CAD |
Property Taxes
Parcel Number
103-010-029-000
Land Assessment
$1,226,671 CAD
Improvements Assessment
$1,151,570 CAD
Total Assessment
$2,378,241 CAD
Contacts
-
Will Pural -
Maggie Brady -
Matt Lipson -
Enoch Escalera -
Mitch Bensch -
Ronnie Givargis -
Ava McKenzie -
Northmarq
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Carl's Jr. | 1800 Eureka Way
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