Carl’s Jr.

Average Sale and Lease Details

Price Range 12mo avg: $1.5M – $4.1M
$/sf 12mo avg: $902
CAP Rate 12mo avg: 5.71%
NOI average: $133,287
Lease Terms: 20yrs
Typical Lease Type: NNN
Building Size avg: 3,100 SF
Lot Size avg: 1+/- acres

About Carl’s Jr.

Los Angeles, 1941. Young Carl N. Karcher and his wife, Margaret, make a leap of faith and borrow $311 on their Plymouth automobile, add $15 in savings and purchase a hot dog cart.

One cart grows to four, and in less than five years, Carl’s Drive-In Barbecue opens with hamburgers on the menu.

The brand continues its growth with an emphasis on quality, service and cleanliness, pioneering concepts such as partial table service and self-serve beverage bars. The introduction of the signature Six Dollar Burger™ in 2001 marks the latest Carl’s Jr.® advance in the quick-service industry, confirming the chain’s constant emphasis on product innovation and representing a desire to satisfy the tastes of young, hungry consumers.

On his first day in the fast-food business, Carl N. Karcher took in $14.75. For 70 years and over 1,200 restaurants later, Carl’s Jr.® has become known as the place to go all across the West for juicy, delicious charbroiled burgers.

CKE Restaurants, Inc. owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr.®, Hardee’s®, Green Burrito® and Red Burrito® restaurant brands. The CKE system includes more than 3,300 restaurant locations in 42 states and in 28 countries. CKE is headquartered in Carpinteria, California.


 

Carl’s Jr. Financial Highlights

S&P Credit Rating: Privately Held Company
Moody’s Credit Rating: Privately Held Company
Annual Revenue : Privately Held Company
Annual Revenue : Privately Held Company
Revenue Growth: Privately Held Company
Net Income Privately Held Company$B
Units (Dec. 2014) 1,435
Average Units Volume: Privately Held Company$K

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