Carl's Jr. 21201 Sherman Way 2,660 SF Retail Building Canoga Park, CA 91303 $7,328,580 CAD ($2,755.11 CAD/SF) 5.71% Cap Rate

We are pleased to present a rare opportunity to acquire a single-tenant, absolute NNN investment leased to Carl’s Jr, one of the nation’s most recognized quick-service restaurant brands. The property, originally constructed in 1985, has been well maintained and will be secured by a brand-new 20-year lease commencing at the close of escrow. The lease structure includes two (2) five-year option periods and 10% rental increases every five years, providing investors with both long-term security and built-in income growth.
As a true NNN lease, the tenant is responsible for all property expenses, allowing for stable, predictable cash flow with no landlord responsibilities. This makes the property an ideal opportunity for passive investors seeking a management-free asset, as well as those engaged in a 1031 exchange.
Strategically located in Canoga Park, CA, the property benefits from strong demographics, excellent visibility, and its proximity to the rapidly growing Warner Center, one of Los Angeles’ most dynamic hubs for business, residential, and mixed-use development. With more than 450,000 residents within a five-mile radius and high daily traffic counts, this Carl’s Jr is positioned for long-term success and continued strong performance.
With its combination of a new long-term lease, nationally recognized tenant, rent escalations, and prime Los Angeles location, this offering provides investors with an exceptional opportunity to acquire a secure, inflation-resistant, and truly passive investment in one of Southern California’s most stable submarkets.