Drive-thru Carl's Jr, 2 Blocks from Freeway | 2400 White Ln
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Drive-thru Carl's Jr, 2 Blocks from Freeway 2400 White Ln
3,516 SF Retail Building Bakersfield, CA 93304 $1,850,000 ($526/SF) 5% Cap Rate
Investment Highlights
- Drive-thru Carl’s Jr - Corporately Guaranteed Absolute NNN Investment
- Tenant Continues to Extend Lease due to Excellent Store Sales
- 2 Blocks from 138k Cars/day Freeway with 6 On/Off Ramps
- Corner Retail Pad in front of 255k SF Grocery Anchored Shopping Center
- 42k Cars/day Signalized Corner shared with Superior Grocers Supermarket, Starbucks, Burger King, Papa John’s and other National Tenants
- 4 Hotels within 1 Block Creates Heavy Demand for Convenient Food
Executive Summary
2400 White Lane in Bakersfield, CA offers an investor an absolute NNN Investment, with no landlord responsibilities. Excellent location on a 42k cars/day signalized corner with convenient access to on & off ramps for a 138k cars/day freeway only 2 blocks away. With 4 hotels within a block, 7 schools within a mile and surrounded by national tenants, the location is exceptionally busy and ideal for fast food. Carl’s Jr has operated at the location since 1992 and keeps extending the lease due excellent store sales and their excellent Rent to Sales ratio. Carl’s Jr has 4 extension options of 5-years each with the current lease termination of August 2027. The extension options have no rent increases making it unlikely Carl’s Jr will ever give up the location, thus making this a very safe investment. If they ever leave there is huge upside in rental income.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,516 SF
Building Class
B
Year Built
1990
Price
$1,850,000
Price Per SF
$526
Cap Rate
5%
NOI
$92,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.81 AC
Zoning
C2
Parking
45 Spaces (12.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 405-330-26-00-3 | Improvements Assessment | $729,726 |
| Land Assessment | $1,113,530 | Total Assessment | $1,843,256 |
PROPERTY TAXES
Parcel Number
405-330-26-00-3
Land Assessment
$1,113,530
Improvements Assessment
$729,726
Total Assessment
$1,843,256
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Drive-thru Carl's Jr, 2 Blocks from Freeway | 2400 White Ln
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