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Hardee’s Long Term 17 Year Lease 770 E Center St 2,800 SF 100% Leased Retail Building Madisonville, KY 42431 $1,250,000 ($446.43/SF) 6% Cap Rate
Investment Highlights
- Long Term Lease
- Lease Guaranteed by Superior Star LLC 105+/- Unit Operator 2nd Largest Hardee’s and Carl’s Jr Operator
- Absolute NNN No Landlord Responsibilities
- Recently went through remodel
Executive Summary
Subject Offering Long Term Lease, 17 Years Remaining, zero–Landlord Responsibilities Leased Guaranteed by Superior Star LLC (105+/-) Unit Operator. 2,800 Square Foot Freestanding Building located on 29,185 / 0.67-acre Parcel with Traffic Counts of 22,000, Great Proximity to I-69. 10% Increase Every Five Years, 4 (5) Year Options with Increases.
Long Term Lease
Absolute NNN No Landlord Responsibilities
Lease Guaranteed By Superior Star LLC 105+/- Unit Operator 2nd Largest Hardee’s and Carl’s Jr Operator
10% Percent Increases Every 5 Years
Heatly Rent-to Sales
Hardee's Provides Investors a Well known & Established Brand.
Recently went through remodel
Location: - Hardee’s Brand Thrives in County Seat Towns
Long Term Lease
Absolute NNN No Landlord Responsibilities
Lease Guaranteed By Superior Star LLC 105+/- Unit Operator 2nd Largest Hardee’s and Carl’s Jr Operator
10% Percent Increases Every 5 Years
Heatly Rent-to Sales
Hardee's Provides Investors a Well known & Established Brand.
Recently went through remodel
Location: - Hardee’s Brand Thrives in County Seat Towns
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
2,800 SF
Year Built
1978
Price
$1,250,000
Price Per SF
$446.43
Cap Rate
6%
NOI
$75,000
Percent Leased
100%
Building Height
1 Story
Nearby Major Retailers
1 of 2
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Hardee’s Long Term 17 Year Lease | 770 E Center St
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