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Carl's Jr. 582 N Main St 3,197 SF Retail Building Clearfield, UT 84015 $2,446,348 ($765.20/SF) 5.75% Cap Rate
Investment Highlights
- Corporate Carl’s Jr. Lease Through July 2031– Carl’s Jr. has occupied the site for decades and remains committed through July 2031,
- Strategically Located at the Entrance to Hill Air Force Base – Positioned near one of Utah’s largest employment centers
- 125,000+ VPD Interstate 15 Visibility – The property features a freeway-visible pylon sign and benefits from exposure to more than 125,000 CPD
- Future Upside from Under-Market In-Place Rent – Current rental rates are below comparable drive-thru properties in the trade area
Executive Summary
High-visibility Carl's Jr. located at the entrance to Hill Air Force Base with 125,000+ VPD Interstate 15 exposure, a corporate lease through 2031, NNN structure, and future upside from under-market in-place rent.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,197 SF
Building Class
C
Year Built
1997
Price
$2,446,348
Price Per SF
$765.20
Cap Rate
5.75%
NOI
$140,665
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Opportunity Zone
Yes
Zoning
C-2
Parking
34 Spaces (10.63 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-094-0058 | Improvements Assessment | $1,139,363 |
| Land Assessment | $486,369 | Total Assessment | $1,625,732 |
Property Taxes
Parcel Number
14-094-0058
Land Assessment
$486,369
Improvements Assessment
$1,139,363
Total Assessment
$1,625,732
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