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  • Property Details
  • Marketing Information
  • Price: $1,875,000
  • Property Size: 3,513 SF
  • Land Area: 0.82 Acres
  • Cap Rate: 6.02%
  • NOI: $112,956.80
  • Lease Type: Absolute NNN
  • Occupancy: 100%
  • Property Type: Retail
  • Property Status: For Sale

Description

Single Tenant Corporate Guarantee Hardee’s with 15 years remaining term and an absolute NNN lease structure. Constructed in 1993, this property is 100% occupied by Hardee’s Food System, Inc. The property is located on the northwest corner of East Main Street and NC – 1399, having the civic address of 519 E. Main Street. The property is an outparcel to a Tractor Supply and sits across the street from American Axle & Manufacturing casting facility. The site is just 0.2 miles west of Interstate 73/74 which has daily traffic counts of 31,000.

Highlights

  • Long Term Lease – 15 Year Firm Term Remaining
  • Absolute NNN Lease Structure – Zero Landlord Responsibilities
  • Strong Guarantee – Corporate Guarantee by Hardee’s Food Systems
  • Rental Increases – 10% every 5 years
  • Strong Revenues – Rent/Revenue Ratio below 10%
  • Strategic Highway Location

Contact info

Jessica Cegavske
Jessica Cegavske
(702) 968-7321(702) 326-1590
Linkedin
Roy Fritz
Roy Fritz
(702) 968-7322(702) 482-9675
Linkedin

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