Carl's Jr.
4,620 SF | Retail Building | Orem, UT 84057 | $2,453,305 ($531/SF) | 4.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,453,305
- Property Type
-
Retail
- Square Feet
- 4,620 SF
- Price / Square Foot
- $531
Listing Contacts
Adam Lewis
Verified Profile
Brendan Lee
Verified Profile
Drew Helm
Verified Profile
- Property Info
Property Overview
NEW 20-YEAR ABSOLUTE NNN LEASE
Carl’s Jr. / Snow Star LP has executed a new 20-year lease in 2022 with 8% rent
increases every 5-years.
MAJOR COMMUTER ROAD
State Street is the major commuter route for the surrounding area.
STRONG GUARANTEE
Snow Star LP currently owns and operates all 41 Carl’s Jr. locations in Utah.
LEASE TERM
There are 18 years remaining on the initial 20 year lease.
UTAH VALLEY UNIVERISTY
Orem is home to Utah Valley University, a public university operated by
the state of Utah. UVU is one of the United States’ only Open Enrollment
Universities offering acceptance to all applicants. As a university, UVU offers
a wide variety of bachelor’s and master’s degrees. UVU is the largest and
fastest growing public university in Utah with its attendance of over 34,000
undergraduates.
Carl’s Jr. / Snow Star LP has executed a new 20-year lease in 2022 with 8% rent
increases every 5-years.
MAJOR COMMUTER ROAD
State Street is the major commuter route for the surrounding area.
STRONG GUARANTEE
Snow Star LP currently owns and operates all 41 Carl’s Jr. locations in Utah.
LEASE TERM
There are 18 years remaining on the initial 20 year lease.
UTAH VALLEY UNIVERISTY
Orem is home to Utah Valley University, a public university operated by
the state of Utah. UVU is one of the United States’ only Open Enrollment
Universities offering acceptance to all applicants. As a university, UVU offers
a wide variety of bachelor’s and master’s degrees. UVU is the largest and
fastest growing public university in Utah with its attendance of over 34,000
undergraduates.
Property Details
- Class
- B
- Year Built
- 1998
- Stories
- 1
- Lot Size (sq. ft)
- 51,401 SF
Highlights
- SIngle Tenant Net Lease Investment
- Strong Guarantee
- Located on Major Commuter Road
- High Traffic - State Street - 47,128 ADT
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