Carl's Jr.
Newly constructed Carl's Jr. in El Centro, California, offered at $2,390,000 at a 5.00% cap ($119,565 NOI). The single-tenant asset is secured by a 10-year lease extension with contractual 10% rent increases every five years and a passive NNN structure—the tenant covers taxes, insurance, and maintenance.
Built in 1984 and renovated in 2006, the 3,116 SF freestanding restaurant sits on a 0.89-acre fee-simple parcel with 38 parking spaces at the signalized hard corner of Adams Avenue and Imperial Avenue. The location commands approximately 29,000 vehicles per day and anchors one of Imperial County's premier retail corridors, surrounded by national retailers and established commercial uses. Carl's Jr. has operated successfully at this site for more than 35 years, demonstrating proven performance and trade-area strength.
- 10-year lease extension with 10% contractual rent increases every five years
- Passive NNN structure; tenant responsible for all operating costs
- Fee-simple ownership with strong long-term land value
- 29,000 daily vehicles; signalized hard corner location
- Carl's Jr.—nationally recognized QSR brand with 1,000+ locations
More property details
Location
Carl’s Jr. located at 1498 Adams Avenue, El Centro, California, presents a premier net-leased investment opportunity featuring a newly executed 10-year lease extension, providing long-term income security and eliminating near-term lease rollover risk. The tenant has successfully operated at this location for more than 35 years, demonstrating the site's proven performance and the strength of the surrounding trade area. The ±3,116-square-foot freestanding restaurant is situated on a generous ±0.89-acre (38,583-square-foot) fee-simple parcel, offering a low building-to-land ratio, ample parking, and strong long-term land value. The property is leased on a passive NNN basis, with the tenant responsible for taxes, insurance, and maintenance, creating a low-management investment. Investors also benefit from 10% contractual rent increases every five years, providing predictable income growth and inflation protection throughout the lease term. Positioned on the signalized hard corner of Adams Avenue and Imperial Avenue, the property enjoys excellent visibility and exposure to approximately 29,000 vehicles per day while being surrounded by national retailers, restaurants, and other established commercial uses. Backed by the strength of Carl’s Jr., a nationally recognized quick-service restaurant brand with more than 1,000 locations, this fee-simple asset combines stable cash flow, prime real estate, and long-term investment potential in one of Imperial County’s premier retail corridors.