Listed by Newmark Mountain West
$2,700,000
Carl's Jr
Details
APN 14253510050000 & 14253510040000
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,698
Net Rentable (SqFt) 3,698
Cap Rate 6.42%
NOI $173,269
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's/Carl's Jr
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/30/2031
Remaining Term 5
Rent Bumps Yes
Lease Options FOUR; 5-YEAR
Price per SqFt $730
Broker Co-Op Yes
Year Built 1998
Buildings 1
Acreage 1.220
Tenant Credit Corporate Guarantee
Lease Commencement 07/22/2011
Corporate Carl's Jr | Salt Lake City, UT | Absolute NNN | 5.83% CAP
Marketing description
• Absolute NNN Lease with No Landlord Responsibilities
• Strong Corporate Guarantee of 3,800 Locations
• Traffic Counts of 32,876 Vehicles Daily
• 15 Minutes to Salt Lake City International Airport
• Nearby Tenants Include Walmart Supercenter, Home Depot, Marshalls, Burlington, and Ross.
Listing Contacts
Listed by Newmark Mountain West
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$173,269.00
$14,439.08/mo
Valuation Metrics
0
DSCR
6.42%
Cap Rate
6.42%
ROI
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