502 Tefft St Nipomo, CA 93444

This exceptional investment opportunity presents a 2,127 square foot Hardee's/Carl's Jr. restaurant located at 502 W Tefft St, Nipomo, CA 93444. The property sits on a 0.74-acre lot and boasts a strong location within a grocery-anchored shopping center (Vons), adjacent to Highway 101 (60,000 cars daily) and on heavily trafficked West Tefft Street (21,500 cars daily). Built in 2003, this single-story building is under an absolute triple-net (NNN) lease with a corporate guarantee, minimizing landlord responsibilities. The current lease, initiated November 1, 2003, has a remaining term of approximately four years, extending to October 31, 2028. The lease includes two five-year renewal options, with the tenant already exercising one, demonstrating long-term commitment. Rent increases by 10% every five years. The asking price is $2,350,000, representing a price per square foot of $1,105 and a 5.00% cap rate, with a current NOI of $117,132. The land value alone is $72.90 per square foot. This is a rare opportunity to acquire a stable, high-performing restaurant investment with significant upside potential. The property's strategic location and strong tenant history make it an attractive addition to any portfolio.