
Carls Jr
Retail | 4.70% CAP | 2,830 SqFt
Marketing description
Absolute NNN ground lease under corporate Carls Jr in up-scale shopping center on busy traffic arteries.
Investment highlights
Backed by CKE Restaurants Holdings, Inc.
CKE Restaurants Holdings, Inc. (CKE) is a premier quick-service restaurant operator and franchisor with a rich
heritage dating back to 1941. As the parent company of Carl’s Jr. and Hardee’s, CKE is a well-established leader
in the burger segment, known for its premium 100% Black Angus beef charbroiled burgers and innovative, high-
quality menu offerings.
Scale & Footprint: CKE and its franchisees operate over 3,800 Carl’s Jr. and Hardee’s restaurants across 44
U.S. states and 43 international markets.
Proven Operator: With more than 80 years in the restaurant industry, CKE has demonstrated resilience through
multiple economic cycles. The company maintains a strong focus on operational excellence, menu innovation,
digital transformation, and restaurant reimaging programs to drive same-store sales growth.
Corporate-Backed Lease: This location benefits from a corporate-backed lease, providing investors with the
added security of CKE’s substantial resources and commitment as a national operator (as opposed to a singleu-
nit franchisee).
Brand Strength: Carl’s Jr. enjoys high consumer recognition, particularly in Western and Southwestern markets,
with a loyal customer base that values quality ingredients and bold flavors. The brand consistently performs well
in suburban, highway-adjacent, and retail-center locations like The Shoppes at Calimesa.
Financial Stability: CKE has successfully accessed the securitization markets (e.g., Hardee’s/Carl’s Jr. Funding
securitizations), reflecting institutional investor confidence in the company’s cash flow generation from
royalties, franchise fees, and company-operated units.
CKE’s long-term track record, national scale, and ongoing investment in the Carl’s Jr. brand make it a highly de-
sirable tenant for ground lease investors seeking stability and performance.
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