Log In/Sign Up
Your email has been sent.
Carl's Jr. 1800 Eureka Way 2,142 SF Retail Building Redding, CA 96001 $1,478,966 ($690.46/SF) 6.01% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE PROVIDES A PASSIVE INVESTMENT AND INCOME
- OPERATED AND GUARANTEED BY EXPERIENCED FRANCHISEE
- LOCATED ALONG PRIMARY CORRIDOR IN REDDING | SURROUNDED BY MAJOR TRAFFIC DRIVERS
- GUARANTEED 8% RENT-TO-SALES RATIO
- HIGH VISIBILITY LOCATION ON SIGNALIZED INTERSECTION
- STRONG SURROUNDING CO-TENANCY | DENSE SURROUNDING DEMOGRAPHICS
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,142 SF
Building Class
C
Year Built/Renovated
1999/2022
Price
$1,478,966
Price Per SF
$690.46
Cap Rate
6.01%
NOI
$88,849
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.67 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 103-010-029-000 | Improvements Assessment | $849,679 |
| Land Assessment | $905,092 | Total Assessment | $1,754,771 |
Property Taxes
Parcel Number
103-010-029-000
Land Assessment
$905,092
Improvements Assessment
$849,679
Total Assessment
$1,754,771
Contacts
-
Will Pural -
Maggie Brady -
Matt Lipson -
Enoch Escalera -
Mitch Bensch -
Ronnie Givargis -
Ava McKenzie -
Northmarq
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Carl's Jr. | 1800 Eureka Way
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.