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Hardee's 14622 W NC Hwy 87 2,446 SF Retail Building Tar Heel, NC 28392 $1,825,000 ($746.12/SF) 6.44% Cap Rate
Investment Highlights
- Long-Term Lease | 11+ Years Remaining: The Property is secured by a corporate guarantee from Hardee’s Restaurants LLC with 11 years remaining
- Strong Store Sales | Above National Averages: This location reports consistent store sales well above the Hardee’s national average
- Limited Competition | Captive Trade Area: The immediate market features limited quick-service competition
- Absolute NNN Lease | Passive Investment: The asset is leased on an absolute triple-net (NNN) basis
- Attractive Rent Growth | 10% Increases Every 5 Years: The lease features 10% rental escalations every five years
- Essential Workforce-Oriented Location: The surrounding area is heavily driven by industrial and workforce activity
Executive Summary
Name
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # C38369, 288917 (NC)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # C38369, 288917 (NC)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,446 SF
Building Class
B
Year Built
2017
Price
$1,825,000
Price Per SF
$746.12
Cap Rate
6.44%
NOI
$117,530
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.83 AC
Zoning
C
Frontage
176’ on NC HIGHWAY 87 HWY
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Apr 2037
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 End | ||
|
|
Accommodation and Food Services | - | - | Apr 2037 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 036506285181 | Improvements Assessment | $363,020 |
| Land Assessment | $42,090 | Total Assessment | $405,110 |
Property Taxes
Parcel Number
036506285181
Land Assessment
$42,090
Improvements Assessment
$363,020
Total Assessment
$405,110
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Hardee's | 14622 W NC Hwy 87