Listed by CIRE Partners
$1,920,000
Hardee's - Tenant Just Remodeled & Extended
Details
APN 41-001-010
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Cap Rate 6.25%
NOI $120,000
Tenancy Single
Brand/Tenant Restaurant Management Corporation
Lease Type Absolute NNN
Lease Term 9
Lease Expiration 04/29/2035
Remaining Term 8.8
Rent Bumps Yes
Lease Options Three (3) - 5 Year Options
Year Built 1978
Year Renovated 2026
Acreage 0.630
Zoning C-1 (Commercial - Shopping)
Parking Spaces 29 spaces
Investment Type Net Lease
Tenant Credit Franchisee
Rent Commencement 04/20/1978
Ground Lease Yes
Ownership Fee Simple - Ground Lease
230 Nissley St, Middletown, PA 17057
Investment highlights
- Remodel and Early Lease Extension by Tenant - In 2026 the tenant exercised a renewal option early and completed a remodel of the store. This is a strong signal of healthy unit level economics and long term commitment to the location.
- 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 9 years remaining on the lease, and 10% rent increases every 5 years, this provides a future owner with additional cash flow and return on investment, along with a protection against inflation.
- Strategic Location - Located at an outparcel/pad site to Westport Shopping Center, 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. Hardee's is also located near Harrisburg International Airport (1,623,324 passengers in 2025) and Penn State Harrisburg (4,442 students).
- Proximity to a Major Economic Catalyst - Located just miles from the Crane Clean Energy Center, the former Three Mile Island Unit 1, where Constellation Energy is investing ~$1.6 billion to restart the plant under a 20 year Microsoft power purchase agreement. Backed by a $1 billion federal DOE loan, the restart is expected to bring 600+ jobs and significant long term investment to the trade area.
- Proven, Time Tested Location - Hardee's has operated continuously at this site for over 48 years since the building was constructed in 1978, a nearly five-decade track record that speaks to durable, location-specific demand.
Listing Contacts
Listed by CIRE Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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