14665 SE Sunnyside Rd, Happy Valley, OR 97086

2792 SF • .77 Acres • $2,860,000 SOLD

STNL CARL'S JR RESTAURANT

Marty Clouser of Kennedy Wilson Real Estate Sales & Marketing represented the buyer of this Absolute NNN leased Carl's Jr/Green Burrito restaurant.

At the time of the sale there were over 14 years remaining on the lease with four five-year option periods. The lease provides rental growth of 10% escalations every five years allowing for a strong hedge against inflation. The area directly surrounding the Subject Property boasts strong demographics with average household income within one-mile exceeds $103,000. The tenant had over 100 years combined experience with Carl's Jr. Located on a highly-visible soft corner of a signalized intersection, Carl’s Jr. is exposed to nearly 22,000 vehicles per day along Southeast Sunnyside Road.

Sunnyside Village Square, an 88,000-square foot Ace Hardware and soon to be Grocery Outlet anchored community center, is located directly across the street. Other nearby retailers include Jack in the Box, Starbucks, Godfather’s Pizza and AutoZone creating a daily needs draw to the area. Carl’s Jr. is ideally situated within two miles of four major grocery-anchored centers.

This was the upleg of the buyer's 1031 exchange in which the buyer was able to quadruple its annual income by selling its interest in a 96 unit apartment building in Southern California (at 3.98% cap rate) and acquire this property for $2,860,000 at a 5% cap rate.

View on Google Maps

Marty Clouser

Cal Broker DRE# 00912230

(818) 391-7491

[email protected]

realtor

(310) 887-6446

Properties (the "Property") are offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Brokers make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Brokers are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY

View our Privacy Notice

View our Website Terms of Use

This privacy policy sets out how we use and protect any information that you give us when you use this website.
We are committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with this privacy statement.

What we collect
We may collect the following information:

name
contact information including email address
demographic information such as zip code, preferences and interests
other information relevant to customer surveys and/or offers

What we do with the information we gather
We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:

Internal record keeping.
We may use the information to improve our products and services.
We may periodically send promotional email about new products, special offers or other information which we think you may find interesting using the email address which you have provided.
From time to time, we may also use your information to contact you for market research purposes. We may contact you by email, phone, fax or mail.
We may use the information to customize the website according to your interests.
We may provide your information to our third party partners for marketing or promotional purposes.
We will never sell your information.

Security
We are committed to ensuring that your information is secure. In order to prevent unauthorized access or disclosure we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.

How we use cookies
A cookie is a small file which asks permission to be placed on your computer's hard drive. Once you agree, the file is added and the cookie helps analyze web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

We use traffic log cookies to identify which pages are being used. This helps us analyze data about web page traffic and improve our website in order to tailor it to customer needs. We only use this information for statistical analysis purposes and then the data is removed from the system.

Overall, cookies help us provide you with a better website, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.

You can choose to accept or decline cookies. Most web browsers automatically accept cookies, but you can usually modify your browser setting to decline cookies if you prefer. This may prevent you from taking full advantage of the website.

Links to other websites
Our website may contain links to enable you to visit other websites of interest easily. However, once you have used these links to leave our site, you should note that we do not have any control over that other website. Therefore, we cannot be responsible for the protection and privacy of any information which you provide whilst visiting such sites and such sites are not governed by this privacy statement. You should exercise caution and look at the privacy statement applicable to the website in question.

Controlling your personal information

We will not sell, distribute or lease your personal information to third parties unless we have your permission or are required by law. We may use your personal information to send you promotional information about third parties which we think you may find interesting if you tell us that you wish this to happen.

You may request details of personal information which we hold about you under the Data Protection Act 1998. A small fee will be payable. If you would like a copy of the information held on you please write to [address].

If you believe that any information we are holding on you is incorrect or incomplete, please write to or email us as soon as possible, at the above address. We will promptly correct any information found to be incorrect.