Retail    

Hardee's

 Harrisburg, IL

Asking Price

$849,138

Cap Rate

6.50%

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Corporate Guaranty

Absolute NNN Lease

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Year Built

1973

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LTR

± 5 Years

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Avg HHI

+$72,000

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Square Feet

3,000 SF

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Strong Tenant

50+ Yr Operating History

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Fee Simple | Absolute NNN with No Landlord Responsibilities
    Hardee's operates under an Absolute NNN Fee Simple structure at the property, leaving no responsibilities to the Landlord. This creates passive income with a built-in hedge against inflation for the Landlord.
  • Bustling Retail Corridor | Proximity to National Tenants
    The property is surrounded by various national tenants such as Domino's, Subway, Walgreens, Pizza Hut, and CVS Pharmacy, creating a retail synergy for all tenants. Additionally, the property is approximately half a mile from the Saline County Courthouse and one mile from the Shawnee Square Shopping Center, driving more customers to the site.
  • Strong Parent Company | $571.5M Annual Revenue
    Hardee's parent company, CKE Restaurants, has over 3,800 franchised or company operated restaurants in 44 states and 43 foreign countries, accounting for $571.55 million in annual revenue.
  • Hardee's | 50+ Year Operating History
    Hardee's enhances the investment's appeal by offering a reputable, creditworthy tenant with strong community presence along main thoroughfare of the county and extensive regional presence.
  • Low Rent-to-Sales Ratio
    The property has a Rent-to-Sales Ratio of only 5.1%, creating more profitability even in market fluctuations.

Exclusively Listed By

Mike Philbin

Senior Vice President
  mphilbin@northmarq.com      858.539.3273

In Association With
Isaiah Harf

iharf@northmarq.com
IL Broker # 471019332

Northmarq

12230 El Camino Real Suite 220
San Diego, CA 92130


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