Hardee's

3097 East Main Street, Russellville, AR 72802

$2,600,000

Cap Rate 5.77%

Views: 116 DOM: 84 Updated: 11.01.24 Posted: 09.28.24 Status: Active

Summary

Price $2,600,000	Built/Renov 1996/2011	Tenant Hardee's
Cap Rate 5.77%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,566	Lease Start 12-01-2024	#Units 42
Price/SF $729.11	Expiration 11-30-2044	Tenant Type Fast Food/QSR
NOI $150,000	R. Term 19.11	Ownership Fee Simple
Rent/SF $42.06	Increases 10.0%/5/yrs	Pop 5Mi 38,193
Lot/AC 0.67	Options 4/5yrs/10%	AHHI 5Mi $73,604

Lease Highlights

Brand new 20-year lease with 4 (5-year) options to extend at the close of escrow
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | zero landlord responsibilities
Lease is backed by Saddle Peak, a proud and experienced 42-unit Hardee's and 6-unit 7 Brew Coffee operator; Also includes a large personal guarantee

Location Description

Hardee's is strategically located at the signalized, hard corner intersection of Highway 331 and East Main Street, with access to a combined daily traffic count of 43,000 vehicles. The property occupies a prime corner lot with dual access from both Hwy 331 and East Main St. Additionally, it serves as an outparcel to a Hobby Lobby-anchored strip center, surrounded by prominent national...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Highway location
Strong tenant synergy
Brand new lease
Long 20+ yr lease
Absolute NNN
25+ unit franchisee backed

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Links

Hardee's Wikipedia Hardee's Wikipedia Russellville, Arkansas Zip Code 72802 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Hardee's
Guarantor:Franchisee
Company:Saddle Peak, LLC
# Units:42
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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Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
2198 Views
4 Sold

Andrew Ackerman

Sands Investment Group

Contact

60 Listings
8322 Views
28 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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Andrew Ackerman

Andrew is a seasoned CRE professional with over 10 years experience and has closed over $500M in transaction volume over the course of his career. Andrew has a proven track record in brokerage as well team management which he’s done in several capacities since first joining Marcus & Millichap in 2005. Before joining SIG, Andrew was a top producing agent at Stan Johnson Company’s Atlanta office, he brokered the closing of a 16-store sale leaseback for $26M while receiving the company’s Mento

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Doug Roland

Sands Investment Group

Contact

16 Listings
2176 Views
2 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
2565 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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