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Corp Hardee's | College Town | Hwy Location 5801 Fairfield Rd 2,727 SF Retail Building Columbia, SC 29203 $2,025,000 ($742.57/SF) 5.99% Cap Rate
Investment Highlights
- CORPORATE LONG TERM ABSOLUTE NNN LEASE
- COLUMBIA IS HOME TO UNIVERSITY OF SOUTH CAROLINA
- BUILT IN CUSTOMER BASE – SCHOOLS, HOTELS AND FORT JACKSON NEARBY
- LARGE PARENT COMPANY – CKE RESTAURANTS INC.
- IDEAL LOCATED OFF INTERSTATE 20 – 114k+ CPD
Executive Summary
CORPORATELY GUARANTEED LEASE
• Hardee’s has over 5,800 locations worldwide
• Successful company founded over 65 years
IDEALLY LOCATED DIRECTLY OFF INTERSTATE 20
• Subject property is located at the on/off ramp of the highly trafficked Interstate 20
• 114,200 cars per day along Interstate 20
COLUMBIA IS HOME TO UNIVERSITY OF SOUTH CAROLINA
• University of South Carolina is just 5 miles from the subject property
LARGE PARENT COMPANY – CKE RESTAURANTS INC.
• Hardee’s was acquired by CKE Restaurants Inc in April 1997
• CKE Restaurants Inc has revenues in excess of $1.2 billion
ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE
• Completely passive NNN investment – ZERO landlord responsibilities
• Attractive 10% increases every 5 years in the Primary and Option Terms
COVID-19 AND ECOMMERCE RESISTANT BUSINESS
• Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic
BUILT IN CUSTOMER BASE
• Hardee’s is surrounded by several elementary, middle and high schools providing a solid and consistent customer base
• There are several nearby including the Wyndham Columbia immediately next to the subject property
• Columbia is home to Fort Jackson
• Hardee’s has over 5,800 locations worldwide
• Successful company founded over 65 years
IDEALLY LOCATED DIRECTLY OFF INTERSTATE 20
• Subject property is located at the on/off ramp of the highly trafficked Interstate 20
• 114,200 cars per day along Interstate 20
COLUMBIA IS HOME TO UNIVERSITY OF SOUTH CAROLINA
• University of South Carolina is just 5 miles from the subject property
LARGE PARENT COMPANY – CKE RESTAURANTS INC.
• Hardee’s was acquired by CKE Restaurants Inc in April 1997
• CKE Restaurants Inc has revenues in excess of $1.2 billion
ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE
• Completely passive NNN investment – ZERO landlord responsibilities
• Attractive 10% increases every 5 years in the Primary and Option Terms
COVID-19 AND ECOMMERCE RESISTANT BUSINESS
• Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic
BUILT IN CUSTOMER BASE
• Hardee’s is surrounded by several elementary, middle and high schools providing a solid and consistent customer base
• There are several nearby including the Wyndham Columbia immediately next to the subject property
• Columbia is home to Fort Jackson
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,727 SF
Building Class
B
Year Built
1995
Price
$2,025,000
Price Per SF
$742.57
Cap Rate
5.99%
NOI
$121,336
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.23 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
- Monument Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 11708-01-05 | Improvements Assessment | $524,500 |
| Land Assessment | $642,900 | Total Assessment | $1,167,400 |
Property Taxes
Parcel Number
11708-01-05
Land Assessment
$642,900
Improvements Assessment
$524,500
Total Assessment
$1,167,400
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Corp Hardee's | College Town | Hwy Location | 5801 Fairfield Rd
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