Listed by Matthews
$1,616,215
Absolute NNN Hardee's | Corporate Guarantee | Alabama
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,275
Cap Rate 7%
NOI $113,135
Occupancy 100%
Tenancy Single
Brand/Tenant Burger King, McDonald's
Lease Type Absolute NNN
Lease Expiration 09/30/2028
Rent Bumps Yes
Lease Options Two, 5-Year Options Remaining
Year Built 1979
Year Renovated 2024
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2008
Ground Lease No
Ownership Fee Simple
18 Years of Proven Operating History | 2024 Property Remodel
Marketing description
- Established Brand with Regional Strength: Founded in 1960, Hardee's is a long-standing QSR brand with deep consumer loyalty across core U.S. markets.
- Broad Footprint and Scalable Model: Approximately 5,800 locations, combining franchised and corporate operations, positioned in freestanding, high-traffic sites with drive-thrus.
- Support from Parent Company: Operates under the umbrella of CKE Restaurants, a financially backed, privately held parent with decades of QSR expertise.
- Net Lease Stability and Flexibility: Freestanding, build-to-suit sites with typical 20-year NNN leases and scheduled rent escalations ensure steady cash flows.
- Credit Profile with Market Access: Class A-2 notes issued under Hardee's Funding LLC received preliminary 'BBB (sf)' rating by S&P, reflecting structured credit support
Investment highlights
- Absolute NNN lease with zero landlord responsibility, providing passive ownership and predictable cash flow
- Corporate-Guaranteed lease with approximately 2.5 years of term remaining and two 5-year renewal options
- Hardee's remodeled this location in 2024 proving long term commitment to the site
- Proven Operating History with Hardee's successfully operating at this location since 2008, totaling 18 years of continuous occupancy and sustained business performance
- Strong Local Customer Base with approximately 1,585 students served by the Hamilton school district, helping drive consistent traffic from students, faculty, staff, and local families
- Population Growth projected at 1.08% within the 10-mile trade area over the next five years, supporting a steadily expanding customer base
- Average household income exceeds $82,000 within a 5-mile radius, providing a solid consumer base for quick-service dining
Listing Contacts
Listed by Matthews
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$113,135.04
$9,427.92/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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