- For Sale $2,155,000
- Property Type Retail - Freestanding
- Property Size 3,669 SF
- Units 1
- Lot Size 0.8 Acre
- Property Tenancy Single Tenant
- Year Built 2009
- Date Updated Oct 7, 2026
Description
Over 2 years remaining on this absolute net ground lease to Carl’s Jr., backed by Carl Karcher Enterprises, Inc., a subsidiary of CKE Restaurants Holdings, Inc. (CKE), one of the largest QSR operators in the world. The subject property serves as a primary outparcel to Park Plaza – a 525K SF power center that ranks in the top 15% of shopping centers nationwide in terms of annual visits (per Placer.ai).
Highlights
- 2+ years remaining on corporate ground lease with four, 5-year options to extend
- Affluent/growing submarket $123-142K average household incomes and estimated population growth within a 1, 3, and 5-mile radius of the subject property
- Below-market replaceable ground rent leaving owner with backfill optionality if tenant were to vacate
- Carl Karcher Enterprises, Inc., a subsidiary of CKE Restaurants Holdings, Inc. (CKE), is one of the largest QSR operators in the world with 3,800+ system-wide franchised and company-owned restaurant locations
- Clinton is approximately 2 miles from Hill Air Force Base the 2nd largest Air Force base in the country by population and geographical size
- Direct ingress/egress from W 1800 N with drive-thru window for to-go customers
- Longstanding operating history 17+ years at this location
- The subject property serves as a primary outparcel to Park Plaza a 525K SF neighborhood center that ranks in the top 15% of shopping centers nationwide in terms of annual visits (per Placer.ai)
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Contacts
John Andreini
CP Partners
Location
Located at 1868 W 1800 N, Clinton, UT 84015, this property is part of the Clinton neighborhood and Salt Lake City market.
Contact Listing Broker
John Andreini
CP Partners
