Below-Market Rent — Embedded Upside and Downside Protection: In-place rent is just $82,800 per year — a low basis that provides strong security and leaves clear room for rental growth to market over time. A rare opportunity to own well-located real estate backed by a national QSR tenant at a rent well below market.
Regional Position — Central Valley Growth Market on Highway 99: Turlock is a Stanislaus County city of 70,000+ residents on Highway 99, strategically positioned between Modesto and Merced. The immediate 5-mile trade area carries an average household income of $105,000 — well above valley norms and reflective of real discretionary spending capacity.
Freestanding Drive — Thru on a Signalized Freeway Off-Ramp Corner: The subject is a freestanding Carl’s Jr. on a 1.49-acre hard corner at Main Street & Walnut Road, positioned directly on the Highway 99 off-ramp with high freeway visibility and prominent signage. Main carries ±14,500 vehicles per day off Highway 99’s ±83,000, giving the site interregional exposure. The oversized parcel affords excess land and ample circulation — including room for truck and semi parking — and offers flexibility for alternative use well beyond a typical fast-food pad.
Absolute NNN Lease — Fully Passive Ownership: Carl’s Jr is responsible for all expenses including taxes, insurance, CAM, roof, and structure—offering a truly passive, hassle-free investment.
Corporate-Level Credit — CKE / Carl’s Jr.: The lease is a direct obligation of the Carl’s Jr. operating entity — a corporate-level credit. Carl’s Jr. and Hardee’s are operated by CKE Restaurants Holdings, Inc., which has more than 3,600 franchised or company-operated restaurants across 44 U.S. states and 35+ foreign countries and territories. CKE is owned by Roark Capital Group, an Atlanta-based private equity firm with over $33 billion in assets under management and one of the largest franchise investors in the country.
40+ Years of Proven Operating History — Since 1983: Carl’s Jr. has operated continuously at this location since 1983 — more than four decades on the same corner, one of the longest-tenured QSR operating histories a buyer will encounter. That kind of longevity is the market’s clearest signal of a proven, productive site.
Established Retail & Industrial Corridor: The property sits in one of Turlock’s most active retail and employment corridors, anchored immediately west by the 2,600-acre Turlock Regional Industrial Park — home to Blue Diamond Growers, Foster Farms, and US Cold Storage — driving significant daytime and freight traffic. The adjacent Turlock Cinema Plaza adds Regal Cinemas, Starbucks, Sonic, Taco Bell, and McDonald’s, plus Super 8, Days Inn, SpringHill Suites. Two miles north, the Countryside Drive power corridor deepens the draw with Costco, Home Depot, Target, Kohl’s, and Dick’s.

Navigation Menu

Carl’s Jr.

Key Information

Highlights

Photos

Location

Agents

Broker of Record

David Harrington