1710 Westridge Rd - Fast Food FOR SALE


New Ulm, MN 56073
$1,406,000 USD
612-396-7723
1710 Westridge Rd, New Ulm, MN for Sale
$1,406,000 USD
Fast Food - FOR SALE
1/5
null | 7% Cap Rate

1710 Westridge Rd
New Ulm, MN 56073


HIGHLIGHTS

  • The property features nearly 13 years remaining on an absolute NNN lease, providing a completely hands-off investment for the landlord
  • Superior Star LLC operates 93 Hardee's restaurants across 11 states, demonstrating exceptional operational scale and financial stability
  • The lease generates above-market rent levels, providing stable cash flow and long-term income security for investors
  • The property is strategically positioned adjacent to a Walmart Supercenter on Westridge Road, a frontage road to Highway 14
  • The site offers excellent visibility along US Highway 14, the primary east-west thoroughfare traveling through New Ulm
  • The market's ongoing expansion supports long-term upside potential and sustained tenant demand in the area

OVERVIEW

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Hardee's located at 1710 Westridge Rd, New Ulm, MN 56073. This 2,966 SF quick-service restaurant sits on 1.17 acres and is secured by a long-term absolute NNN lease extending through August 2038. This investment opportunity offers investors a truly passive ownership experience through its absolute NNN lease structure, where Superior Star LLC, a well-established operator with 93+ Hardee's locations across 11 states, handles all operational aspects and property expenses. The lease provides built-in rent escalations every five years, with current annual income of $98,439 and four additional renewal options that could extend the tenancy through 2058. New Ulm represents an attractive market for quick-service restaurants, with Hardee's enjoying prime positioning adjacent to a Walmart Supercenter on Westridge Road, a frontage road to Highway 14. The restaurant benefits from exceptional highway visibility along US Highway 14, the primary east-west thoroughfare traveling through New Ulm, with approximately 5,000 vehicles per day and unobstructed sightlines that maximize exposure and customer accessibility. Walmart serves as one of the strongest daily-needs anchors in the market, driving consistent consumer traffic and cross-shopping opportunities. As a city of approximately 14,000 residents and the county seat of Brown County, New Ulm maintains economic stability through its diversified base of manufacturing, healthcare, agriculture, and tourism sectors. The community's strategic location along the newly-expanded four-lane Highway 14 provides excellent connectivity to broader regional markets. Please refer to the OM for more information on this investment opportunity.

FOR SALE DETAILS

PRICE

$1,406,000 USD

PRICE/SF

$474 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee's Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

-

APN/PARCEL ID

00191800204040

ASK ABOUT THIS PROPERTY

612-396-7723

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612-396-7723

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.