Drive-Through Restaurant Ground
For Sale
$1,996,500
1164 Calimesa Blvd, Calimesa, CA 92320
Absolute NNN ground lease with corporate-backed Carl’s Jr., long-term operations, and a drive-thru site within a retail center.
Property Size2,830 SF
Price / SF$705.48
Days on Market115
Property Features for 1164 Calimesa Blvd
General Information
Standard status
Active
Size
2,830 SF
Property subtype
Restaurant
Amenities
Brand name, corporate lease tenant
Excellent sub-market
Signalized intersection, major traffic artery
Building Details
Building Size
2,830 SF
Listing Agency:
Palm Springs Office
Listed By:
Bruce Haulley, CCIM · License #License(s): CA: 01239289
(909) 456-6430
Source:
Marcusmillichap
Added: May 14
Changed: Aug 23
Last Checked: Sep 4 at 2:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palm Springs Office
Investment Insights
Based on property information with market context.
The property is an absolute NNN ground lease offering the leased fee interest underlying a modern Carl’s Jr. restaurant with drive-thru. The site is described as approximately 2,911 SF, and the tenant owns and maintains the building and all site improvements. Under the absolute triple-net ground lease structure, the tenant is responsible for taxes, insurance, maintenance, utilities, and common area expenses.
Carl’s Jr. operates at 1164 Calimesa Blvd in Calimesa, California, within The Shoppes at Calimesa. The lease commenced May 15, 2008, with an original 20-year term and one additional 5-year extension option. Current rent for lease years 16–20 is $119,790 per year ($9,982.50 per month). The site is noted for excellent visibility along Calimesa Boulevard, ample parking, and prominent pylon signage within the shopping center.
The Shoppes at Calimesa is a professionally managed retail development described as high-occupancy, featuring national and regional tenants including Walgreens (with drive-thru pharmacy), Starbucks, Denny’s, Subway, and Dollar Tree.
Carl’s Jr. operates at 1164 Calimesa Blvd in Calimesa, California, within The Shoppes at Calimesa. The lease commenced May 15, 2008, with an original 20-year term and one additional 5-year extension option. Current rent for lease years 16–20 is $119,790 per year ($9,982.50 per month). The site is noted for excellent visibility along Calimesa Boulevard, ample parking, and prominent pylon signage within the shopping center.
The Shoppes at Calimesa is a professionally managed retail development described as high-occupancy, featuring national and regional tenants including Walgreens (with drive-thru pharmacy), Starbucks, Denny’s, Subway, and Dollar Tree.
Key Highlights
- Absolute NNN ground lease for Carl’s Jr. at 1164 Calimesa Blvd, Calimesa, CA, on approx. 0.75 acres.
- Lease commenced May 15, 2008: 20‑year original term with one additional 5‑year option; tenant has operated nearly 18 years.
- Current rent (lease years 16–20) is $119,790/year ($9,982.50/month) with reported NOI of $119,790 and 4.7% cap rate.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
259k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 37%
Groceries 13%
Home Improvements & Furnishings 8%
Stater Bros. Markets
Groceries
32,665 visits/mo
0.1 miles
McDonald's
Dining
24,940 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
20,809 visits/mo
0.3 miles
Starbucks
Dining
20,455 visits/mo
0.0 miles
Dollar Tree
Shops & Services
20,160 visits/mo
0.1 miles
Demographics for 92320, CA
10,036
Population
4,156
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
722
Density / Sq Mi
$90,313
Median Household Income
$57,191
Median Earnings
$1,852
Median Rent
$423,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Absolute NNN ground lease with corporate-backed Carl’s Jr., long-term operations, and a drive-thru site within a retail center.
Where is this drive through restaurant located?
The property is located at 1164 Calimesa Blvd Calimesa, CA.
What is the asking price?
The asking price for this property is $1,996,500.
What are key features of this property?
This property features: Absolute NNN ground lease for Carl’s Jr. at 1164 Calimesa Blvd, Calimesa, CA, on approx. 0.75 acres.; Lease commenced May 15, 2008: 20‑year original term with one additional 5‑year option; tenant has operated nearly 18 years.; Current rent (lease years 16–20) is $119,790/year ($9,982.50/month) with reported NOI of $119,790 and 4.7% cap rate.
