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32317934

1164 Calimesa Blvd, Calimesa, CA 92320 For Sale

BH
CA 01239289, CA BRE #01239289
Marcus & Millichap - Palm Springs
Listed by Marcus & Millichap - Palm Springs
$2,550,000
73 days on market
Updated 73 days ago

Carls Jr

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,830
Net Rentable (SqFt) 2,830
Units 1
Cap Rate 4.7%
NOI $119,790
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's/Carl's Jr
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 05/14/2028
Remaining Term 1.8
Rent Bumps Yes
Lease Options Two five-year options
Price per SqFt $901
Year Built 2008
Buildings 1
Stories 1
Acreage 0.750
Investment Type Net Lease
Lease Commencement 05/15/2008
Occupancy Date 05/15/2008
Ground Lease Yes
Ownership Fee Simple

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.

Listing Contacts

BH
CA 01239289, CA BRE #01239289
Marcus & Millichap - Palm Springs
Listed by Marcus & Millichap - Palm Springs

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,790.00
$9,982.50/mo

Valuation Metrics

0
DSCR
4.7%
Cap Rate
4.7%
ROI

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