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29106525
29106526

14080 W Francisquito Ave, Baldwin Park, CA 91706

JC
IL 475.204707
Horvath & Tremblay
Listed by Horvath & Tremblay
$4,000,000
149 days on market
Updated 34 days ago

Carl's Jr

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,218
Net Rentable (SqFt) 3,218
Cap Rate 5%
NOI $200,000
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's/Carl's Jr
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Lease Options 2, 5-Year Options
Year Built 1989
Buildings 1
Stories 1
Acreage 0.670
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple

Los Angeles County | Hard Corner | Attractive Rental Increases

Marketing description

Horvath & Tremblay is pleased to present the exclusive sale of a single tenant Carl’s Jr. investment property located at 14080 Francisquito Avenue in Baldwin Park, California (the “Property”). The Property consists of a single-story, 3,218 square-foot building with a 24-hour drive-thru on 0.87 acres. Carl’s Jr. will sign a new 20-year Absolute NNN Lease with two (2), 5-year renewal options at the close of escrow. The lease features attractive 10% rent increases every five years throughout the primary lease and at the start of each renewal option.

Carl’s Jr. is strategically located at the signalized intersection of Francisquito Avenue and Puente Avenue, two of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility and is convenient to national and local retailers and restaurants that drive consistent customer traffic to the area. The location offers excellent accessibility to dense residential neighborhoods, five area high schools, Kindred Hospital Baldwin Park, and Kaiser Permanente Baldwin Park Medical Center, ensuring a built-in and captive customer base. In addition, the site’s connectivity to Interstates 10 and 605 provide convenient access for both local residents and regional commuters.

Investment highlights

LONG-TERM SALE LEASEBACK: Carl’s Jr. will sign a brand-new, 20-year Absolute NNN Lease with two (2), 5-year renewal options at the close of escrow.

ATTRACTIVE RENT INCREASES: The lease features attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option, providing the investor with an attractive increase in revenue and a hedge against inflation.

ZERO LANDLORD RESPONSIBILITIES: The Carl’s Jr. lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, repairs, and replacements, making it an attractive investment for the passive real estate investor.

STRONG OPERATOR: This location is operated by Senior Classic Leasing, LLC, a 44- unit entity. Senior Classic Leasing, an affiliate of Friendly Franchisees Corporation, is among the largest California-based franchisees for Carl's Jr.

STRATEGIC RETAIL LOCATION: Situated at the signalized crossroads of Francisquito Avenue and Puente Avenue, two major commercial and commuter routes, Carl’s Jr. benefits from a highly visible and prominent position within the market. The site features strong street exposure and sits amid a mix of national and local retailers and dining options that help generate steady activity throughout the day. Its proximity to established residential neighborhoods, five nearby high schools, Kindred Hospital Baldwin Park, and Kaiser Permanente Baldwin Park Medical Center provide a reliable and diverse customer base. Additionally, convenient access to Interstates 10 and 605 enhances connectivity for both area residents and regional travelers. The property is also near the industrial cluster surrounding the Interstate 10/I-605 interchange, home to numerous businesses that further support consistent demand in the immediate trade area.

TRAFFIC COUNTS: More than 33,900 vehicles pass the Property each day at the signalized intersection of Francisquito Avenue and Puente Avenue (17,500 along Francisquito Avenue and 16,400 along Puente Avenue).

RETAIL TRADE AREA: Retailers bringing consumers to the retail trade area include Walmart Supercenter, Target, Home Depot, Food 4 Less, Smart & Final, Big Saver Foods, Walmart Neighborhood Market, Aldi, Harbor Freight Tools, Bob’s Discount Furniture, LA Fitness, Planet Fitness, CVS, Dollar Tree, O’Reilly Auto Parts, AutoZone, Chick-fil-A, Chipotle, In-N-Out Burger, Raising Cane’s, Starbucks, McDonald’s, Wendy’s, Burger King, Taco Bell, Jack in the Box, Habit Burger, Panda Express, Wienerschnitzel, Denny’s, IHOP, Dunkin’, and 7-Eleven.

DEMOGRAPHICS: Over 217,200 people live within 3 miles of the Property with an average household income of $116,924. An impressive 487,600 people live within 5 miles of the Property with an average household income of $119,445. Additionally, there are more than 174,400 employees within 5 miles of the Property.

Listing Contacts

JC
IL 475.204707
Horvath & Tremblay
Listed by Horvath & Tremblay

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$200,000.00
$16,666.67/mo

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Additional Information

Name
Brain Brockman
License
02142929
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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