Hardee's (GL)

12328 South Carolina 56, Clinton, SC 29325

$1,133,000

Cap Rate 6.00%

Views: 107 DOM: 262 Updated: 08.05.24 Posted: 12.21.23 Status: Active

Summary

Price $1,133,000	Built/Renov 1984	Tenant Hardee's (GL)
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,189	Lease Start 01-01-1984	#Units 1,800
Price/SF $355.28	Expiration 06-01-2029	Tenant Type Fast Food/QSR
NOI $67,980	R. Term 4.8	Ownership Ground Lease
Rent/SF $19.71	Increases 12.0%/1/yrs	Pop 5Mi 12,693
Lot/AC 1.33	Options 2/5yrs	AHHI 5Mi $67,675

Lease Highlights

Hardee’s has been operating in this location since 1984
Tenant has 5+ years remaining on the current ground lease with 2 (5-year) options
Lease features CPI rental increase at the start of each option
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Hardee’s is strategically located with excellent visibility along State Highway 56, with access to 5,700 vehicles passing by daily. The property boasts convenient access with multiple points of ingress/egress near the on/off ramps to Interstate 26, a major commuter highway that sees 50,300 VPD. This advantageous location is further enhanced by limited competition, positioning the property as...

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Key Features

In location for years
Dense retail corridor
Near major nationals
Freeway close
Highway location
Top 100 MSA
Absolute NNN
Limited competition
Corporate Guarantee
Over 100 Units backed

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Links

Hardee's Wikipedia Hardee's Wikipedia Clinton, South Carolina Zip Code 29325 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Hardee's
Guarantor:Corporate
Company:CKE Restaurant's Inc.
# Units:1,800
Stock:Private

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 chicken...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	107	6,711	12,694
2023 Total Population :	109	6,752	12,693
2023 Employed Civilian Pop :	36	2,701	5,146
2023 Total Businesses :	23	220	465
2023 Average Household Income :	$ 48,594	$ 62,764	$ 67,675
2023 Total Consumer Spending :	$ 1 M	$ 133 M	$ 284 M
2023 Median Age :	43	38	39
2023 Total Households :	29	2,384	4,734
2023 Pop Age 25+: Bachelor's Degree :	14	654	1,343
2023 Average Home Value :	$ 179,545	$ 163,302	$ 172,813

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Highway 56 North	Burts Rd	2021	6,200	0.52 mi
Highway 56 North	Burts Rd	2022	5,700	0.52 mi
	I- 26	2022	51,200	0.59 mi
I 26	I- 385	2021	50,300	0.59 mi
I 26	Hwy 72	2021	47,900	0.63 mi
Springdale Drive	McSwain Dr	2022	2,900	0.82 mi
Highway 72 East	Springdale Dr	2021	5,600	1.05 mi
Highway 72 East	Springdale Dr	2022	5,500	1.05 mi
Highway 56 North	Hwy 56	2021	3,500	1.24 mi
North Adair Street	Legion Dr	2021	1,300	1.31 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

343 Listings
29595 Views
131 Sold

Patrick Luther

SRS National Net Lease Group

Contact

393 Listings
32704 Views
160 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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