Carl's Jr
$2,155,000
1868 West 1800 North, Clinton, UT 84015
For Sale
Retail
Free Standing
Active
Last Updated: 10/08/2026
5.25
Cap Rate
113,135
NOI
Details:
Cap Rate: 5.25%
NOI: $113,135
Building Size: 3,669 sqft
Lot Area: 0.8 sqft
Lease Type: Ground
Year Built: 2009
Tenancy: Single
Highlights:
- 2+ years remaining on corporate ground lease with four, 5-year options to extend
- Below-market replaceable ground rent leaving owner with backfill optionality if tenant were to vacate
- Longstanding operating history – 17+ years at this location
- Direct ingress/egress from W 1800 N with drive-thru window for to-go customers
- Affluent/growing submarket – $123-142K average household incomes and estimated population growth within a 1, 3, and 5-mile radius of the subject property
- Carl Karcher Enterprises, Inc., a subsidiary of CKE Restaurants Holdings, Inc. (CKE), is one of the largest QSR operators in the world with 3,800+ system-wide franchised and company-owned restaurant locations
Description:
Over 2 years remaining on this absolute net ground lease to Carl’s Jr., backed by Carl Karcher Enterprises, Inc., a subsidiary of CKE Restaurants Holdings, Inc. (CKE), one of the largest QSR operators in the world. The subject property serves as a primary outparcel to Park Plaza – a 525K SF power center that ranks in the top 15% of shopping centers nationwide in terms of annual visits (per Placer.ai).
Tanner Olson
Legend Commercial
tolson@legendcommercial.com
PH: 206.330.1614
UT LIC# 9868653-SA00
Documents:
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CarlsJr_ClintonUT.pdf
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Location
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