Carl’s Jr Fee Simple, Absolute Lease with 10 plus years 340 W. Lake Mead, Henderson, NV Henderson ( Nevada, US ) Built

$3,301,786 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 3,198 sq. ft.
  • Development Level: Built
  • Lot Size: 30056 sq. ft.
  • Year Built: 2010

Description

Carl’s Jr Fee Simple, Absolute Lease with 10 plus years 340 W. Lake Mead, Henderson, NV Cap Rate 5.25%

Cap Rate: 5.25%
NOI: $173,344
Building Size: 3,198 sqft
Lot Area: 30,056 sqft
Occupancy: 100%
Class: A
Tenancy: Single
Year Built: 2010
Lease Expire Year: 06/30/2030

DESCRIPTION
The property consists of a fee simple, absolute NNN lease with 10 plus years remaining with 2- 5 yr. options and 7.5% increases every 5 years including all options, along with percentage rent of 4.5% gross sales above $1.2M annually. Carl’s Jr. is a wholly-owned subsidiary of CKE Restaurants Inc. with national brands including Hardee’s, Green Burrito and Red Burrito and a Standard & Poor’s rating of B. Currently, Carl’s Jr. is the 4th largest Burger Chain in the country and rapidly expanding overseas. Today, it’s one of the most popular quick-service and fast casual dining brands in the Western United States.

The lease is backed by S.L. Investments, Inc., one of the top Franchise operators of Carl’s in the country and the exclusive franchisee for the entire Las Vegas Market. As the only Franchisee for the greater Las Vegas market and largest for the state of Nevada, He currently has 40 locations and controls the market with an exclusive development agreement for another 20 restaurants over the next few years. This Operator started over 30 years ago as a cashier in a Carl’s restaurant, to management on a corporate level with Carl Karcher himself, to now one of the premiere franchisees in the country and a track record here in Las Vegas spanning 25 years and counting.

The property is located on Lake Mead Parkway at the end of Hwy 215 Beltway, connecting all of SW Las Vegas and Henderson. An outparcel to Lake Mead Crossing, a Target anchored Power Center, this location enjoys high visibility along the main retail corridor servicing all of Henderson and Green Valley Ranch. Carl’s Jr. restaurant strategically located near the master-planned community of Green Valley Ranch and Sun City McDonald Ranch, affluent golf-resort communities (Desert Willow Golf Course) just minutes away from The Strip and McCarran Airport. This dense residential community is home for many upscale residents and families, with high-level demographics. The property is surrounded by Lake Mead Crossing (Target Power Center) and Fiesta Casino (Station Casino), adjacent to all the major retailers including; Target, Staples, Petco, Ross, TJ Maxx, Petsmart, Verizon, Radio Shack, GNC, El Pollo Loco, Wells Fargo, Chevron,Subway and many more. Along with retail, the area hosts several major manufacturing and office complexes such as Freedman Inc, Pepsi Bottling, HealthSouth Hospital and St. Rose Medical Center, generating a densely populated commercial trade area. All this completes a vibrant community that offers a destination for everyone, including tourists.

This high traffic location along Lake Mead Parkway boasts over 59,000 cars per day enjoy street frontage visibility and signage, along with over 141,000 cars per day off Hwy 215 Beltway just down the street. The adjacent community of Green Valley Ranch has strong demographics, with over $108,526 people and over 49,487 households in a 3 mile radius and sits in the path of growth for Las Vegas for many years to come. This property offers real pride of ownership.

CKE Restaurants, Inc. (CKE), through its subsidiaries, franchisees (S.L. Investments Inc. is exclusive Las Vegas area Franchisee of CKE) and licensees, operates some of the most popular U.S. regional brands in quick-service and fast-casual dining, including the Carl’s Jr.®, Hardee’s®, Green Burrito® and Red Burrito® restaurant brands. The CKE system includes more than 3,000 locations in 43 states and in 13 countries. CKE is headquartered in Carpinteria, California. CKE Restaurants, Inc. prides itself on the quality and innovation of the menu items at each of its brands along with an intense focus on guest service and restaurant cleanliness.

HIGHLIGHTS
• SINGLE TENANT NNN LEASE INVESTMENT
• EXCELLENT RETAIL LOCATION - STRONG DEMOGRAPHICS
• STRONG FRANCHISEE - EXCLUSIVE RIGHTS FOR ENTIRE LAS VEGAS MARKET
• PERFECT 1031 EXCHANGE PROPERTY
• TARGET ANCHORED POWER CENTER- DOMINANT CENTER IN AREA

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.