Hardee's

4010 Colonel Glenn Highway, Beavercreek, OH 45431

$1,760,000

Cap Rate 6.25%

Views: 74 DOM: 104 Updated: 11.11.24 Posted: 08.09.24 Status: Active

Summary

Price $1,760,000	Built/Renov 1986/2016	Tenant Hardee's
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,306	Lease Start 12-01-2024	#Units 31
Price/SF $532.37	Expiration 11-30-2044	Tenant Type Fast Food/QSR
NOI $110,000	R. Term 20.0	Ownership Fee Simple
Rent/SF $33.27	Increases 6.5%/5/yrs	Pop 5Mi 163,678
Lot/AC 0.75	Options 4/5yrs/6.5%	AHHI 5Mi $71,715

Lease Highlights

Brand-new 20-year sale-leaseback with 4 (5-year) options to extend
The lease features 6.5% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Midwest First Star, Inc. (31 units backed)

Location Description

Hardee's is strategically located at the signalized, hard corner intersection of Colonel Glenn Highway and National Road, with access to a combined daily traffic count of 21,130 vehicles. The property benefits from multiple access points and is situated just one block from Meijer Grocery and five blocks from Wright State University, which has an enrollment of 11,036 students. Additionally, it...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Dense 100M+ pop 5 mi
Top 100 MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
25+ unit franchisee backed

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Links

Hardee's Wikipedia Hardee's Wikipedia Beavercreek, Ohio Zip Code 45431 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Hardee's
Guarantor:Franchisee
Company:Midwest First Star, Inc.
# Units:31
Stock:Private

About Tenant

Hardee's Restaurants LLC is an American fast-food restaurant chain famous for its made-from-scratch hand-breaded chicken tenders and biscuits. Their menu includes hand-breaded chicken...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	6,443	50,845	159,947
2024 Total Population :	6,423	50,830	160,420
2024 Employed Civilian Pop :	3,878	25,311	76,607
2024 Total Businesses :	354	1,710	4,521
2024 Average Household Income :	$ 84,418	$ 95,081	$ 87,809
2024 Total Consumer Spending :	$ 235 M	$ 1814 M	$ 5269 M
2024 Median Age :	28	33	36
2024 Total Households :	3,109	21,561	67,796
2024 Pop Age 25+: Bachelor's Degree :	939	6,626	19,376
2024 Average Home Value :	$ 337,641	$ 241,095	$ 220,874

*ESRI data is presented for informational purposes only

Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
1787 Views
4 Sold

Scott Reid

ParaSell, Inc

Contact

35 Listings
2181 Views
5 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Scott Reid

ParaSell, Inc. is a national real estate services and consulting firm that specializes in commercial leasing and investment sales. We work with principals across the nation and have a proven process, proprietary time-saving technology, dedicated support staff and a relentless commitment to customer service.

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Doug Roland

Sands Investment Group

Contact

16 Listings
1804 Views
2 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
2154 Views
4 Sold

Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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