14836 SE Division St Portland, OR 97236
NNN leased Carl's Jr. with recent extension through 2031.
Property size:
3,036 SFLot size:
0.73 AcresProperty Features for 14836 SE Division St
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Lot size
- 0.73 Acres
Building Details
- Year built
- 2006
Source:
Crexi
Listing Agency: CBRE - Portland Listing Agent: Wes Bochner
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Carl's Jr. NNN Investment
This property is 100% leased to Carl’s Jr., an American fast-food tenant wholly owned by CKE Restaurants Holdings, Inc. Carl’s Jr. operates over 1,000 locations across the US and serves 28 countries worldwide. The location is operated by KB Restaurants, a franchisee with over 35 years of experience managing more than 61 Carl’s Jr. restaurants. JCK Restaurants oversees approximately 89 locations across multiple brands, including Dave’s Hot Chicken, Hawaiian Bros, Human Bean, and Jersey Mike’s. The property is subject to an Absolute NNN lease. Carl’s Jr. recently executed their first option (expiring April 2031) with fixed 10% rent increases every five years and three remaining 5-year renewal options. Constructed specifically for Carl’s Jr’s occupancy in 2006, the high-quality, purpose-built property completed an extensive remodel around 2020. The property is located across the street from a Fred Meyer Anchored Shopping Center with tenants such as 7-Eleven, Starbucks, Chevron, KFC, Jiffy Lube, Dutch Bro’s Coffee, Subway, and Ross. The building size is 3,036 square feet.
Location Intelligence
Current Use by Public Records
Carl's Jr.
Restaurant
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Washington
- State
- Oregon
- Longitude
- -122.5100412
- Latitude
- 45.5039734
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - NNN leased Carl's Jr. with recent extension through 2031.
Where is this drive through restaurant located?
The property is located at 14836 SE Division St Portland, OR.
What are key features of this property?
This property features: - Absolute NNN Lease: Tenant covers all operating expenses for a passive investment.; - Established Tenant: Leased to Carl's Jr., an international fast-food brand.; - Recent Lease Extension: Carl's Jr. extended the lease to April 2031, with three 5-year renewal options.
