Carl's Jr.

theCORE Commercial is pleased to offer this Absolute NNN Carl’s Jr in Rancho Cordova, CA at a price of $1,250,000 / 4.0% Cap Rate. Carl’s Jr has been operating at this location for approximately 47 years with the current option period expiring October 31, 2027 and 1, 5-year option period remaining. The in-place NOI on the corporate backed lease is extremely low at $50,000 annually and the rent is scheduled to increase 20% in the final option period. The property is located at the hard corner of a signalized intersection along Folsom Blvd with exposure to just under 26K VPD and sits as an out-parcel to the Mills Shopping Center, which is a 239K SF neighborhood shopping center anchored by Viva Supermarket, DD’s Discount & Planet Fitness. McDonald’s, Starbuck’s, and KFC/A&W, among others, are also located within the center. Carl’s Jr is situated on an oversized 0.66-acre parcel with 30 parking spaces. The property can be accessed from both directions along Folsom Blvd. This offering presents a rare opportunity to acquire a low price point corporate NNN lease investment with future upside. Please do not hesitate to contact Patrick at 916.871.2269 to discuss.