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Hardee's | Recent Extension | Corp Abs NNN Gr 12328 Highway 56 N 3,189 SF Retail Building Clinton, SC 29325 $1,133,000 ($355.28/SF) 6% Cap Rate
Investment Highlights
- Brand New 5-Year Extension | Corporate Signed Ground Lease | Options to Extend | Occupied Property for 40 Years
- Direct On/Off Ramp Access to Interstate 26 | Located Along State Highway 56 | Limited Competition
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Executive Summary
SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate signed, drive-thru equipped, Hardee’s investment property located in Clinton, South Carolina (Greenville MSA). The tenant, Hardee’s Restaurant LLC, recently signed a brand new 5-year lease extension with 2 (5-year) option periods to extend. The lease features CPI increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
3,189 SF
Building Class
C
Year Built
1984
Price
$1,133,000
Price Per SF
$355.28
Cap Rate
6%
NOI
$68,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.33 AC
Zoning
C-3 - General Commerical District
Parking
45 Spaces (14.11 Spaces per 1,000 SF Leased)
Frontage
404’ on South Carolina 56
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
For over 60 years, Hardee's has brought communities together with quality, delicious food. With restaurants across the U.S., and locations in global countries, Hardee's is committed to the best tasting food to better serve their guests. From Made From Scratch™ Biscuits and Hand-Breaded Chicken Tenders™. Hardee's has been known for more than 40 years for their Made From Scratch™ Biscuits. Hardee's designated Biscuit Makers rise before the sun, and start their mornings at 4 a.m., hand-making each batch of biscuits from scratch every 15 minutes for biscuit clouds of flaky, buttery goodness.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 635-00-00-027 | Improvements Assessment | $0 |
| Land Assessment | $27,000 | Total Assessment | $27,000 |
Property Taxes
Parcel Number
635-00-00-027
Land Assessment
$27,000
Improvements Assessment
$0
Total Assessment
$27,000
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