Carl's Jr. | Redding, CA
Absolute NNN Lease | Small Price Point Deal | Captive Customer Base
Marketing description
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.
Investment highlights
ABSOLUTE NNN LEASE PROVIDES A PASSIVE INVESTMENT AND INCOME - Tenant operates under an absolute NNN lease with no landlord responsibilities whatsoever, insulating a buyer from potential increases in capital expenditures and operating expenses.
GUARANTEED 8% RENT-TO-SALES RATIO - Rent is paid weekly as a percentage of gross sales, which establishes a healthy 8% rent-tosales ratio firmly at the industry benchmark. This reduces the risk of the tenant vacating due to high rents.
OPERATED AND GUARANTEED BY EXPERIENCED FRANCHISEE - This property is operated by and includes a franchise and personal guaranty from a successful 13-unit franchisee within the CKE Restaurants Holdings system.
HIGH VISIBILITY LOCATION ON SIGNALIZED INTERSECTION - The Property features a highly visible intersection with exposure to over 39,000 VPD. The intersection is signalized, providing easy access to the premises and improved circulation.
LOCATED ALONG PRIMARY CORRIDOR IN REDDING - The Property is located at the corner of Eureka Way (21,600 VPD) and Court Street (17,550 VPD). Eureka Way is a primary thoroughfare in Redding and carries traffic east across the Sacremento River on Highway 44 (60,500 VPD) and provides access to I-5 (70,569 VPD).
SURROUNDED BY MAJOR TRAFFIC DRIVERS - The Property is surrounded by major traffic drivers provididng consistent daytime traffic such as Vibra Hospital of Northern California (82 staffed beds), Shasta Regional Medical Center (139 staffed beds), and Shasta High School (1,284 students enrolled).
STRONG SURROUNDING CO-TENANCY - The surrounding national retailers complement Carl's Jr. and bring customers to the area. These include 7-Eleven, ACE Hardware (95th percentile nationally), VCA Animal Hospital, Walgreens, Starbucks, Taco Bell (79th percentile nationally), Burger King (71st percentile in CA), Wienerschnitzel (89th percentile nationally), and many more (ranking data per Placer.ai).
DENSE SURROUNDING DEMOGRAPHICS - The population surrounding the Property provides a strong consumer base with nearly 10,000 residents within 1 mile and 50,000 residents within 3 miles.
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