2590 S East Ave, Fresno | Carl’s Jr.
Single-Tenant | Carl’s Jr.| NNN | Sale-Leaseback Investment
Marketing description
2590 S East Ave is a single-tenant Carl’s Jr. fast-food property located at the northwest corner of Jensen Avenue and South East Avenue in Southeast Fresno, California. The offering includes a 3,540 SF freestanding building situated on approximately 1.16 acres across two parcels (APNs 479-310-23 and 479-310-24). The site benefits from excellent visibility with frontage along both East and Jensen Avenues and is positioned near Highway 99, which carries over 120,000 vehicles per day, supporting strong drive-by exposure and consistent consumer traffic.
The property is offered as a sale-leaseback with Carl’s Jr. on a 15-year NNN lease, generating $150,000 in annual NOI. Lease terms include 10% rent increases every five years and three (3) additional 5-year renewal options, providing long-term income stability and built-in rent growth. The lease commences at close of escrow, eliminating downtime and near-term leasing risk. The asset is priced at $2,500,000, offering a passive investment with no landlord responsibilities.
The surrounding trade area is supported by solid demographic fundamentals, including approximately 93,305 residents and 25,355 households within a 3-mile radius, with continued population and household growth projected through 2029. The area also benefits from strong daytime employment exceeding 74,000 employees within three miles, reinforcing demand for quick-service dining. With 0% vacancy at the subject property, the asset outperforms both the submarket and overall market averages, positioning this offering as a stable, long-term net-lease investment in the Fresno market
Investment highlights
Single-Tenant Carl’s Jr. Net-Lease Investment
Freestanding restaurant leased to Carl’s Jr. under a long-term net lease structure.
15-Year NNN Lease with Built-In Rent Growth
Initial 15-year lease term featuring 10% rent increases every five (5) years, providing predictable income growth.
Sale-Leaseback Structure at Close of Escrow
Lease commencement at Close of Escrow allows the buyer to acquire the asset with an in-place tenant from day one.
Attractive In-Place Income Stream
The lease provides stable $150,000 annual NOI with minimal landlord responsibilities.
Long-Term Extension Potential
The lease includes three (3) five-year renewal options, extending the potential income duration beyond the initial term.
Fee Simple Ownership (Land & Building)
Investor acquires full fee simple interest in both the land and improvements.
Adjacent Lot Included in Sale
The offering includes the adjacent lot, creating potential future development opportunity while maintaining the existing income stream.
Established Freestanding Restaurant Site
±3,540-square-foot freestanding building situated on an approximately 1.16- acre corner parcel, configured for continued restaurant use with strong frontage and access.
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