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Views: 106 Updated: 04.19.24 Posted: 01.19.23 Status: Inactive 04.19.24

Summary

Price $915,600
Built/Renov 1998
Tenant Hardee's (LH)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,286
Lease Start 06-16-1996
#Units 1,800
Price/SF $278.64
Expiration 08-21-2023
Tenant Type Fast Food/QSR
NOI $45,780
R. Term 1.3
Ownership Leasehold
Rent/SF $13.93
Increases 20.0%/0/yrs
Pop 5Mi 196,158
Lot/AC 0.84
Options 2/5yrs/20%
AHHI 5Mi $74,928

Lease Highlights

  • 35-year historical tenancy at the site
  • Below average market rent
  • Rare rental increases of 20% in each of the remaining two (5-year) options
  • Zero landlord responsibilities
  • Corporate guaranteed by Hardee’s Restaurants LLC

Location Description

Hardee’s is strategically located at the signalized, hard corner intersection of Emerson Avenue and Thompson Road which averages a combined 55,818 vehicles passing by daily. In addition, the site is approximately a half mile south of full interchange access to I-465 (117,000 VPD). Retailers in the area include Walmart, Lowe’s Home Improvement, Kroger, Starbucks, Walgreens, and many more. The...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

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


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,063 77,508 206,142
2023 Total Population : 11,276 77,851 206,098
2023 Employed Civilian Pop : 5,643 40,311 104,845
2023 Total Businesses : 375 1,885 5,303
2023 Average Household Income : $ 77,856 $ 89,152 $ 86,395
2023 Total Consumer Spending : $ 317 M $ 2310 M $ 6005 M
2023 Median Age : 37 37 37
2023 Total Households : 4,670 29,841 79,631
2023 Pop Age 25+: Bachelor's Degree : 1,346 11,230 27,944
2023 Average Home Value : $ 247,667 $ 236,842 $ 231,652
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Emerson Ave Emerson Village Dr 2014 25,273 0.27 mi
Emerson Ave E Elenor St 2017 34,097 0.31 mi
East Thompson Road S 9th Ave 2021 13,694 0.37 mi
Shelbyville Rd S Linwood Ave 2009 4,655 0.48 mi
South Emerson Avenue Victory Dr 2021 28,697 0.49 mi
I 465 052 RAMP D Emerson Ave 2021 6,700 0.54 mi
South Emerson Avenue Emerson Ave 2018 21,750 0.55 mi
I 465 052 RAMP D SE Emerson Ave 2021 8,871 0.56 mi
465 Emerson Ave 2020 7,823 0.56 mi
I 465 052 RAMP C SW Emerson Ave 2021 7,693 0.56 mi

Listing Broker

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