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Hardee's & Subway 2207 N Jefferson St 4,605 SF 100% Leased Retail Building Huntington, IN 46750 $2,000,000 ($434.31/SF) 7.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Class A Two-Tenant QSR Center with Drive-Through | Built-to-Suit in 2016 for Hardee's & Subway | Adjacent to Huntington University & Comfort Inn
- This Hardee’s Location is Ranked in the Top 16% of Hardee’s Nationwide, and the Top 5% in Indiana in Foot Traffic Per Placer.ai (Subway not Listed)
- Located at the Signalized Intersection of US 24 & 224 (Combined VPD 31,248) | Site Offers Large Pylon Sign with Visibility from Highway
EXECUTIVE SUMMARY
NNN Leases with Strong Franchisee Guarantees - Subway Systems, LLC is a 33-Unit Operator That Has Been in Business in the Greater Fort Wayne Area Since 1987 | Leases Also Guaranteed by Corporate (Subway IP, LLC) with 42,000 Locations Worldwide (2024 Revenue $9.1 Billion)
Located at the Signalized Intersection of US 24 & 224 (Combined VPD 31,248) | Site Offers Large Pylon Sign with Visibility from Highway | US 24 is the Main Artery Connecting to Fort Wayne
This Hardee’s Location is Ranked in the Top 16% of Hardee’s Nationwide, and the Top 5% in Indiana in Foot Traffic Per Placer.ai (Subway is Not Listed on Placer.ai) | Subway is a Relocation Store
Across from Huntington Plaza That Ranks in the Top 27% of Strip/Convenience Centers in the Nation and in the Top 22% in Indiana - with Dollar General, Harbor Freight Tools, O’Reilly Auto Parts, Maurices, Aaron’s | Located 1.8 Miles from Parkview Huntington Hospital
Landlord-Friendly Leases with Tenant Managing the Property | Multiple 5-Year Options with 8% Increases in Each
Across from Highly Trafficked Kroger and Tractor Supply Co | Kroger Ranks in the Top 14% Nationwide and Top 14% in Indiana | Tractor Supply Ranks in the Top 17% Nationwide and Top 18% in Indiana in Foot Traffic (Placer.ai)
Huntington is Located 25 Miles from Fort Wayne, Indiana’s 2nd Largest City, and is a Part of the Fort Wayne, IN MSA with 455,000 Residents
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Accommodation and Food Services
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99,999 SF
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$9.99
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Lorem Ipsum
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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.
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- Accommodation and Food Services
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99,999 SF
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$9.99
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Lorem Ipsum
-
Jan 0000
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
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Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35-05-10-200-361.500-005 | Improvements Assessment | $437,300 |
| Land Assessment | $100,000 | Total Assessment | $537,300 |
PROPERTY TAXES
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Hardee's & Subway | 2207 N Jefferson St
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