NNN Corporate Hardee's 324 S Center St

Investment Highlights

Absolute NNN Lease with Zero Management Required Corporate Lease with Major National Tenant Oversize Parcel with Drive-Thru and Great Visibility to I-40 Long-Term Occupancy for almost 40 years 10% Rental Increases Every 5 Years Placer.AI ranked in top third of stores within 15 miles and nationwide

Executive Summary

This absolute NNN leased property boasts a national "corporate" tenant, Hardee's Restaurant Holder LLC, a subsidiary of CKE Restaurants Holdings, Inc. With a prime location just off Interstate 40, this property sees over 41,000 vehicles daily and offers various neighboring businesses like Valero, Bojangle's, and Dollar General.Situated in the Hickory-Lenoir-Morganton metro area, this town is strategically positioned with Hickory and Morganton just a short drive away. Recognized for its quality of life and business-friendly environment, the area boasts a strong population of over 36,000 within a 5-mile radius, with an average household income exceeding $65,000 annually.Listed in conjunction with New South Properties of the Carolinas LLC - Broker of Record

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail TruckStop Fast Food
• Building Size    3,748
• Building Class    C
• Year Built/Renovated    1986/2011
• Price    1,994,000
• Price Per SF    532
• Cap Rate    6.15
• NOI    122,632
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.06
• Land Acres    1.33 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.