Drive-Through Restaurant Ground
1164 Calimesa Blvd Calimesa, CA 92320
1164 Calimesa Blvd, Calimesa, CA, 92320
$2,550,000
For Sale
$2,550,000
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$901.06
Days on Market69
Property Features for 1164 Calimesa Blvd
General Information
- Standard status
- Active
- Size
- 2,830 SF
- Property subtype
- Restaurant
Listing agency
Marcus & Millichap | Chicago Downtown
(909) 456-6430
Listed by
Bruce Haulley, CCIM · License #License(s): CA: 01239289
(909) 456-6430
Source
Marcusmillichap
Added: May 14 Updated: Jul 20 at 7:06PM Checked: Jul 21 at 3:00AM
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 Marcus & Millichap | Chicago Downtown
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
Location Intelligence
Current Use by Public Records
Carl's Jr.
Restaurant
Similar For Sale Nearby
FAQs
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 $2,550,000.
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.
