Lebanon Tn Absolute Nnn Lease Irreplaceable Real Est
Lebanon, TN 37087
Hardee's · Retail Property For Sale

We are pleased to offer to qualified investors an opportunity to purchase a Hardee’s parking lot on an absolute NNN ground lease vital to the successful continued operation of a Hardee’s restaurant. This is irreplaceable real estate as the Tenant (CKE Restaurants, Inc.) requires this space to accommodate the visitors of it’s restaurant; doing so since 1994. Hardee’s has shown strong commitment to this location as they have recently elected to extend the term of this lease until February of 2045. With over 27 years remaining on the original term; this lease offers stable long term cash flow with the potential for significant increases in NOI as minimum 12% increases in rent take effect every 5 years based off of CPI adjustments. This is a rare opportunity to purchase a true coupon clipper asset (absolute NNN ground lease - zero Landlord responsibilities) vital to the operation of the Tenant, with significant rental increases every 5 years for the next 27 years. Hardee’s has insufficient parking spaces on their parcel per Planning Office, meaning that they (and any future tenants here) will need to lease this parking lot to meet code.