Hardee’s Triple Net Lease Investment Opportunity in Florida

$2,805,000.00
Call Now for More Information:
1-352-237-2222

Description

Belleview, FL 34420 · 3,053 SF · Florida Retail Property For Sale
$2,805,000

Hardee’s

Price $2,805,000 Cap Rate 5.35%
Building Size 3,053 SF No. Stories 1
Price/SF $918.77 Tenancy Single
Property Type Retail Year Built 2016
Property Sub-type
Restaurant Type Property For Sale
Lot Size 1.20 AC
Property Use Type Net Lease Investment with 10+ years left on lease

 

Description of Florida Investment Property:

This Hardee’s is a triple-net lease (NNN) investment opportunity with a brand-new, 20-year lease. There are four, five-year renewal options with 10 percent rental increases every five years in both base term and option periods. This is a premier property to add to your Florida Investment Property Portfolio.

The Seller owns and operates nine Hardee’s locations with more than 16 years of franchise experience. Hardee’s has been ranked as the No. 28 food service chain by Nations Restaurant News by sales in the United States. CKE is well established and has a total of 3,664 franchised or company-operated restaurants in 44 States and 37 foreign countries and U.S. territories.

Hardee’s is part of the Ocala metropolitan statistical area, just 10 miles South of Ocala between Gainesville and Orlando. This location features high daily traffic counts of 28,000 vehicles on Abshier Boulevard and 91,000 vehicles off of nearby Interstate 75.

Investors will also see that there is a brand new Wawa which is proposed to come directly across the street. It is strategically positioned and surrounded by national retailers including Kmart, Publix, Winn Dixie, Family Dollar, Save A Lot, Dollar General, Bealls, Advance Auto Parts, CVS, Walgreens, Bank of America, Wells Fargo, Dunkin Donuts, McDonalds, Burger King, Popeyes, Pizza Hut and many more. Hardee’s is located 10 miles North of The Villages which is the largest single-site residential real estate development in the United States spanning over 27,000 acres in three adjoining counties in Central Florida.

 

Triple Net Leased Property Highlights

  • Triple Net Lease (NNN) Investment Opportunity
  • Brand New 20-Year Lease
  • Four, Five-Year Renewal Options
  • 10 Percent Rental Increases Every Five Years in Base Term and Option
  • Surrounding Retailers Include KMart, Publix, Winn Dixie,Dollar General, Bealls, Advance Auto Parts, CVS, Bank of America and Many More
  • 10 Miles North of The Villages, the Largest Single-Site Residential Real

 

Contact information:
O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com

 

Listing information courtesy of Marcus & Millichap. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, solely to identify potential properties for potential purchase.

Property ID 377995

Area of Florida

Location

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