Listed by CIRE Partners
$1,405,317
Hardee's - 2135 N Chester St
Details
APN 215816
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Cap Rate 5.75%
NOI $80,806
Tenancy Single
Brand/Tenant Hardee's Food Systems, Inc.
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 01/31/2029
Rent Bumps Yes
Lease Options Four (4) - 5 Years
Year Built 2008
Acreage 0.930
Zoning C-3-CD (General Commercial - Conditional District)
Parking Spaces 32 spaces
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2009
Rent Commencement 01/31/2009
Ground Lease Yes
Ownership Ground Lease (Fee Simple)
2135 N Chester St, Gastonia, NC 28052
Investment highlights
- Absolute NNN Lease Structure - Tenant operates under an absolute NNN lease with no landlord responsibilities whatsoever, insulating a buyer from potential increases in capital expenditures and operating expenses.
- Durable Cash Flow and Fixed Rent Increases - With approximately 2 years remaining on the lease, and CPI rent increases every 5 years, this provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
- E-Commerce and Recession-Resistant Tenant - QSR properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
- Below Market Rent - This Hardee's is leased at a significant discount to market. Investors acquire a stabilized, cash-flowing net lease asset today while positioning for a substantial rent reset that could dramatically change the cap rate on cost.
- Strategic Location - Located at a signalized intersection with direct access to Interstate 85, Hardee's benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, and a local trade area that provides demand and retail/residential synergy.
- Top Rank Economic State - Rich States, Poor States currently ranks North Carolina as the number 4 state for it's economic performance.
- Proximity to a Top 5 Growth Market - This site sits within one of the fastest-growing metros in the country. The Charlotte-Concord-Gastonia metro ranked 5th nationally for numeric growth, adding 54,122 people between July 2024 and July 2025, trailing only Houston, Dallas, Atlanta, and Phoenix. Over the five-year period from 2020 to 2025, the metro added more than 278,700 residents to reach 2.9 million people, ranking 7th nationally among all 387 U.S. metropolitan statistical areas for total growth.
Listing Contacts
Listed by CIRE Partners
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,806.00
$6,733.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
