carl’s jr. - loopnetcarlsbad medical center albuquerque 2017 household incomes population 1-mile...
TRANSCRIPT
[ REPRESENTATIVE PHOTO ]
new 20-year NNN lease502 N. Canal Street, Carlsbad, NM 88220
Click for Map [ www.CapitalPacific.com ]
carl’s jr.
Listing Team Contact Info
freestanding drive-thru restaurant located in carlsbad, nM. iMMediate area retailers include cvs, Mcdonald’s, Wells fargo, albertsons, ross, and Many others.
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.
[ REPRESENTATIVE PHOTO ]
ReNtable SF . . . . . . . . . . . 2,430 SFlaNd aRea . . . . . . . . . . . . . 0.53 AcresyeaR built . . . . . . . . . . . 2017
Price: $2,320,000caP: 6.25%
Carlsbad is the county seat of Eddy County, which is the fastest growing community in New Mexico serving a population of over 71,000. Carlsbad has the second highest average household income in New Mexico and the lowest unemployment rate (below 4.25%).
investment highlights
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
John [email protected] | (415) 274-2715CA BRE# 01440360
Listed in conjunction with NM Licensed Broker:Sean McMullan, McMullan & Company Real Estate(505) 259-6233 | [email protected]
CARL’S jR | 2
core characteristics
Carlsbad and Eddy County, New Mexico, have been growing at an accelerated pace and consumer demand is at an all-time high for shopping, dining out, and entertainment. With over 173,000 people within a one hour radius of the center of town and over half a million visitors each year, Carlsbad is a popular destination point.
Lease HigHLigHts• 20-year lease with 8% increases every five (5) years.• There are two (2) five (5) year renewal options. Each renewal term shall be
market rent but not less than 107.5% of the previous five year lease rate.• This is an absolute triple net lease – tenant responsible for direct payment of
taxes, insurance, repairs, replacement, and all other expenses.
Location HigHLigHts
• Immediate area retailers include CVS, McDonald’s, Autozone, Wells Fargo, Ross, Albertson’s, and many others.
• The subject property is located on N. Canal Street with over 17,000 vehicles per day.
• Hard corner with traffic counts of 17,000 VPD.
• There are currently four schools being built in Carlsbad to handle the increasing student population.
28,000+ Residents within a 3-mile radiuswith an average household income of $61k+
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ representative photo ]CARL’S jR | 3
aerial
W Pierce Street
W Pierce Street
N C
anal
Stre
etN
Can
al S
treetW Church Street
lam
ont
Stre
et
N 8th Street
285
285
285
RIVERSIDE COUNTRY CLUB
eddy elementary
Sunset elementary
Hillcrest elementary
Monterry elementary
Carlsbad intermediate
School
St. edwards Catholic School
Jefferson Montessori
School
early Childhood education Center
Carlsbad High School
Carlsbad Mall
®
ALBUQUERQUE
hOUSINg(32,977 RESIDENTS wIThIN 5 mILES)
Northgate Shopping Center
BENEFITTINg FROm TRAFFIC COUNTS IN EXCESS OF 17,259 VPD
17,259 DAILY
CARL’S jR | 4
[ representative photo ]
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
PRICE $2,320,000 Price Per Square Foot: $954.73
Capitalization Rate: 6.25%
Total Rentable Area (SF): 2,430
Lot Size (AC): 0.53
STABILIZED INCOMEScheduled Rent $145,000
LESSTaxes NNN $0.00
Insurance NNN $0.00
Total Operating Expenses NNN $0.00
EQUALS NET OPERATING INCOME $145,000
income & expense
CARL’S jR | 5
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
TENANT INFO LEASE TERMS RENT SUMMARY
Tenant Name Sq. Ft. Term Current Rent
Monthly Rent
Yearly Rent
Carl’s jr. 2,430 1 5 $145,000 $12,083 $145,000
6 10 $13,050 $156,600
11 15 $14,094 $169,128
16 20 $15,222 $182,658
Option 1 21 25 $16,363 $196,358
Option 2 26 30 $17,590 $211,084
totals: 2,430 $145,000 $12,083 $145,000
Construction scheduled to finish September 2017.
rent roll
[ representative photo ]CARL’S jR | 6
Site PlaN Key
PARCEL OuTLINE:
LAND AREA: 0.53 ACRES
BuILDINg AREA: 2,430 SF
INgRESS/EgRESS:
17,2
59 d
ail
y
This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies.
site plan
N C
anal
Stre
et28
5
W Hagerman Street
ALLE
Y
CARL’S jR | 7
CaRl’S JR.Carl’s jr. is an American fast-food restaurant chain known for quality, cleanliness, and pioneering new concepts such as partial table service and self-serve beverage bars. It is characterized by its popular logo, the bright yellow five-pointed Happy Star, and has a history of developing popular advertising slogans such as “If it doesn’t get all over the place, it doesn’t belong in your face”. Signature menu items include the 100% Angus beef Six Dollar Burger™, charbroiled chicken sandwiches, entrée salads, and low carbohydrate options. When combined with its sibling restaurant chain, Hardee’s, Carl’s jr. is the fifth largest fast food chain in size.
Carl’s jr. is currently owned and operated by CKE Restaurants, Inc., one of the world’s largest operators and franchisors of quick service restaurants. With its headquarters in Carpinteria, California, CKE Restaurants Inc. currently has franchised, licensed, or company operated restaurants in 42 u.S. states and 25 foreign countries. Their brands include the Carl’s jr, Hardee’s, green Burrito, and Red Burrito restaurants chains.
about tHe guaRaNtoRTeo Regalado, who will be operating the store, has been a franchisee since 1997 and has owned/operated 6 IHOP restaurants in Texas and Louisiana. After selling off these stores, IHOP sent him to open more stores in New Mexico in which he has done huge sales volumes. He currently owns and operates 12 nationally recognized brand restaurants across three states including 8 IHOP’s and 2 Carl’s jr’s.
www.carlsjr.com
2016 ReVeNue * $4 billion
NuMbeR oF loCatioNS 1,700+
*CaRl’S JR. aNd HaRdeeS CoMbiNed ReVeNue
tenant overview
[ representative photo ]
CARL’S jR | 8
TOP EmPLOYERS IN CARLSBAD/EDDY COUNTY
demographics & map
WIPPIntrepid Potash Carlsbad Municipal SchoolsCity of CarlsbadCarlsbad Medical Center
ALBUQUERQUE
2017 hOUSEhOLD INCOmES
POPULATION1-Mile 3-Mile 5-Mile
2010 8,405 25,753 30,2112017 8,629 28,029 32,9772021 8,842 29,743 35,076
1-Mile 3-Mile 5-Mile
Average $53,016 $61,331 $61,43717,259 D
AILY
CaRl’S JR. loCatioN
RegioNal MaP
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
EL PASO, TX
4 hRS 18 mIN 279 mILES
2 hRS 40 mIN 169 mILES CARLSBAD
2 hRS 54 mIN 179 mILES
LUBBOCk, TX
CARL’S jR | 9
carlsbad, NM
Carlsbad is the seat of Eddy County, New Mexico, both of which are experiencing unprecedented growth in various sectors including energy, medical transcription, several call centers, and various supporting industries. In fact, Eddy County is the largest producer of potash in the world and, because of the low costs required to produce oil and gas, Eddy County leads the Eagle Ford basin in production levels.
There are a number of regional office expansions that have occurred with multi-million dollar companies recently with plans for more expansions over the next six months. Carlsbad is experiencing a need for more housing, retail, and restaurants due to the very low unemployment and number of jobs required to keep up with the demand of local industries.
Tourism is a major industry due to Carlsbad Caverns, two national parks, Lincoln National Forest, the Living Desert Zoo and gardens State Park, and the annual Christmas Pecos Light Show, all of which are located within fifty miles of the city.
national Main street accreditation In 2015, seven New Mexico Communities received the National MainStreet Accreditation for meeting the commercial district revitalization performance standards set by the National Main Street Center. Nob Hill MainStreet, Artesia MainStreet, Carlsbad MainStreet, Clovis MainStreet, grants MainStreet, Los Alamos MainStreet and Lovington MainStreet received accreditation and were recognized during the National Main Streets Conference in Atlanta.
carlsbad caverns is located in the guadalupe Mountains, a mountain range that runs from west Texas into southeastern New Mexico. The most famous of all the geologic features in the park are the caves. Carlsbad Caverns National Park contains more than 119 limestone caves, the most famous of which is Carlsbad Cavern. Carlsbad Cavern receives more than 380,000 visitors each year.
This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
[ carlsbad caverns national park ]
CARL’S jR | 10
A unique HUMANRESULTS-DRIVEN client experience
tHe CaPital PaCiFiC exPeRieNCe - ouR daily CoMMitMeNt to ouR ClieNtS
[ www.CapitalPacific.com ]
[ Copyright © 2017 Capital Pacific ]
CHRiS KoStaNeCKi
CHRiS PeteRS
daVe luCaS
zaNdy SMitH JaCK NaVaRRa
zeb RiPPle
Joe CaCCaMo
Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team.JoHN aNdReiNi
[email protected] | (415) 274-2715 CA BRE# 01440360
RiCK SaNNeR
aaRoN SuSMaN
[ representative photo ]
Listed in conjunction with NM Licensed Broker:Sean McMullan, McMullan & Company Real Estate(505) 259-6233 | [email protected]