Hardee's
Retail | 6.50% CAP | 3,099 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Hardee's located at 201 Rock Street, Sheridan, AR 72150. The site consists of roughly 3,099 rentable square feet of building space on an estimated 1.03-acre parcel of land. Hardee's is subject to a 20.02-year Triple Net (NNN) lease, which commenced in April 2021. The current annual rent is $110,000 and is scheduled increase to $121,000 in April. Seller to credit any difference in rent at closing.
Investment highlights
Long - Term NNN Lease | 20 - year Triple Net lease commenced in 2021 provides stable, passive income with no landlord responsibilities.
Corporate QSR Brand | Hardee’s is a nationally recognized quick - service restaurant brand with a long operating history.
Attractive Rent Growth | Current annual rent increases to $121,000 in April with 10.00% increases every five years thereafter.
Strong Sales Reported | This Hardee’s Reports a TTM 2025 Rent/Sales Ratio of 8.80%.
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