9505 Sepulveda Blvd
North Hills, CA 91343
Carl's Jr. · Retail Property For Sale

The offering provides an opportunity to acquire a freestanding Carl’s Jr drive-thru in North Hills, CA (Los Angeles MSA). The subject property features a corporate lease held by CKE Restaurants, Inc., the parent company of Carl’s Jr, and benefits from its strong corporate credit. This location has been in operation since 1980 and continues to be a strong performer. The lease was extended in 2011 for another 10 years, and now has two (2) years remaining, through December 2020. The tenant has three additional 5-year options to extend, with rent escalations. The site is a 0.85 acre lot with ample parking on a signalized hard corner. This location is high profile and highly replaceable, securing the value of the real estate. The Property is well-positioned within the dense San Fernando Valley trade area of greater Los Angeles. The trade area features synergistic retail and a large residential population with over 290,000 residents who live within a 3-mile radius of the property. Additionally, the property is located just off the I-405, the main north-south freeway serving Los Angeles, benefiting from over 215,000 VPD at the closest freeway exit to the property. Immediate area retailers include Marshalls, Walgreens, CVS, and Starbucks.