Carl’s Jr

Carl's Jr - Tenant News
Average Cap Rate Trend
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Approximated & Based On Opinion*)
Average Sale Data & Lease Structure
Average Sale Price$2,300,000
Avg. Annual Rental Income$120,000
Avg. Price/SF$700/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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Tenant Description

Carl’s Jr. is primary a West Coast fast food burger chain, and has grown into one of the most well-known fast food franchises not only in the United States but the world.  As of January 2021 It has over 1,400 locations and roughly 30% of those are dual branded as a Carl Jr.’s/Green Burrito.

What To Look For When Buying A Carl’s Jr

Franchisee guarantees most of the leases and they are privately owned.

What We Like About Carl’s Jr

Complete NNN Lease, Easy To Re-Tenant, Generally Good Real Estate, Long Term Lease


Burger King, McDonald’s

What Is Sold In A Carl’s Jr

They are most known for their burgers, but have expanded into hand breaded chicken tenders and recently vegetarian options for plant-based burgers.

Carl’s Jr Website

Parent Company


Corporate Office Location

6700 Tower Circle, Suite 1000
Franklin, TN 37067

Fast Facts

Ranked #123 on Fortune 500 list in 2018

Following its founding as a modest BBQ joint in Anaheim, CA, Carl’s Jr. began to transform into one of the largest fast food conglomerates in the country.

Falling under the CKE umbrella, Carl’s Jr. is a sister company with fellow burger restaurant Hardee’s, effectively splitting the country in half geographically.

Carl’s Jr – Tenant News

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