Hardee's
Retail | 5.75% CAP | 2,996 SF
Marketing description
9400 Parkway East is conveniently located at the signalized intersection of Parkway East and Red Lane Road that sees a combined traffic count of over 70K± vehicles per day. Interstate 59 is 0.28 miles away and a major contributor to the traffic flow that passes by the proerpty. Hardee’s is on the southbound section of Parkway East on the same side of the road as Walmart and headed to Interstate 59. The Property is adjacent to the Walmart Supercenter and Roebuck Marketplace. Other nearby tenants include Burger King, Wells Fargo, Circle K, AT&T, McDonald’s, CVS Pharmacy, Walgreens, Chick-fil-A, Subway, Taco Bell, Planet Fitness, Dollar Tree, Harbor Freight and more.
Investment highlights
Corporate store
Absolute NNN lease
10+ years left on original base term with 4, 5 year options
14% rent increase 12/1/2029
Signalized intersection
High traffic corridor
Curb cuts on both Parkway East and Red Lane Rd
Tenant responsible for roof and HVAC
Close proximity to Chik-fil-A, Walmart, and other major retailers
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