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2002 Court Avenue - Hardee's, Chariton, IA

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2002 Court Avenue - Hardee's

Chariton, IA 50049-1954

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:-
Building Size:3,500 SF Land Area:.06 AC (2,657 SF)
For Sale Price:$960,000 Price/SF:$274.29
Cap Rate:5.50 %

Sale Notes:
Absolute NNN Lease - 14+ Yrs Remaining
10% Rent Bumps Every 5 Years
Strong Performing Store - Low Rent/Sales Ratio
Tenant is 2nd Largest Carl's Jr/Hardee's Franchisee
278 Locations in 15 States
Personally guaranteed by high net worth franchisee
Recent Store Remodel
Below Market Rent
Excellent 1031 Exchange Property
Part of a Portfolio - Addl Hardee's Available for Purchase
Hardee's has operated at this location for 15+ years
Located in South Central Iowa
60 Minutes From Des Moines
Large employers in immediate area
Just off State Hwy 34

Faris Lee Investments
Shaun D Riley
(949) 221-1807

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