Carl's Jr.

Highlights:

• 5+ years remaining on long-term corporate ground lease with four, 5-year options to extend
• Zero landlord expense/maintenance obligations making this a truly “hands-off” investment
• Below market replaceable ground rent – $3.23/SF
• Longstanding operating history – 15+ years at this location
• Direct ingress/egress from W 1800 N with drive-thru window for to-go customers
• Carl Karcher Enterprises, Inc. (CKE) is one of the largest QSR operators in the world with over 3,800+ system-wide franchised and company-owned restaurant locations
• Subject property serves as a prominent outparcel of Park Plaza – a 525,000 SF neighborhood shopping center
• Major national tenants at the center include Walmart Supercenter, Lowe’s, Kohl’s, Ross, Big 5 Sporting Goods, and Starbucks
• Clinton is adjacent to Hill Air Force Base – the 2nd largest base in the country by population and geographical size

Description:

An absolute NNN ground lease Carl’s Jr. backed by the tenant’s parent company, Carl Karcher Enterprises, Inc. (CKE), which is one of the largest QSR operators in the world. The subject property is a prominent outparcel of Park Plaza – a 525,000 SF neighborhood shopping center located just 5 miles from Hill Air Force Base.

JOE MILLS
LEGEND PARTNERS
PH: 801.930.6755
UT Lic #5506580-SA00

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