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Carl’s Jr.

85 S Tower Sq, Tulare, CA 93274
$2,184,000 5.00% Cap 3,648 sq ft Actual Site Photo Print This Page

Location

85 S Tower Sq, Tulare, CA 93274

Price: $2,184,000
Cap: 5.00%
NOI: $109,200
Building Size: $109,200
Lot Size: 0.448 AC
Market: Bakersfield

100% Fee Simple InterestAbsolute NNN LeaseCorporate GuaranteeRecently Extended LeaseStrong DemographicsSurrounded by Major RetailersZero Landlord Obligations

The Kase Group is pleased to present a Carl’s Jr. absolute net leased offering in Tulare, California. The tenant has a strong operating history at this location and there are 9 years remaining on the initial term. The lease calls for zero landlord obligations. The tenant has four 5 year options to renew with CPI increases each year. The tenant executed anearly extension of the lease from a 2021 expiration to a 2026 expiration with no rent reduction needed, showing commitment to location.

Tulare is located in the heart of the Central Valley, eight miles south of Visalia and sixty miles north of Bakersfield. The city is named for the currently dry Tulare Lake, once the largest freshwater lake west of the Great Lakes. The Stockton seaport is 170 miles (270 km) away, and the Sacramento port is 207 miles (333 km) away. The Los Angeles and San Francisco ports are each approximately 200 miles (320 km) away, making Tulare a hub or central location for product movement.

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Jacob Abusharkh Managing Principal View profile
Jason Denham Investment Sales View profile

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