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Carl’s Jr

Overview

Carl’s Jr. has grown into a globally recognized fast-food franchise, with 3,644 locations across 44 U.S. states and 38 countries. Known for its Thickburgers, hand-breaded chicken tenders, and plant-based Beyond Meat patties introduced in 2019, the brand has built strong recognition, especially on the West Coast and in the Southwest. Originally founded as a BBQ joint in Anaheim, CA, Carl’s Jr. evolved into one of the largest fast-food chains in the U.S. under the CKE umbrella, sharing its market with sister brand Hardee’s. Its smaller restaurant footprint allows for flexible leasing, making it an attractive option for landlords, as its long-term leases typically require no landlord responsibilities and can be easily adapted for other tenants if needed.
Lowest Cap Rate

3.88%

Average Cap Rate

5.02%

Property & Lease

Average Sale Price

$2,694,000

Average NOI

$130,674

Building SF

2,000 – 4,000

Lease Term

20 Years

Escalations

Varies

Stock Symbol

N/A
Credit Rating

S&P

N/A

Moody’s

N/A

Tenants

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