2002 Court Ave - Fast Food FOR SALE
Chariton, IA 50049 |
2002 Court Ave
Chariton, IA 50049
HIGHLIGHTS
- ABSOLUTE NNN LEASE – Zero landlord responsibilities provide a passive income stream
- LEASED TO SECOND LARGEST HARDEE’S AND CARL’S JR. FRANCHISEE – Operator of TriStar Ventures, LLC oversees 260+ locations in 15 states
- RENT INCREASES – Lease provides for 10% rent increases every five years including each of the four 5-year renewal options
- DRIVE-THRU LOCATION – Recently remodeled restaurant with drive-thru provides greater store production capacity and enhanced customer experience
- OPTIMAL RENT-TO-SALES RATIO – Site delivers consistently strong store performance
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Single-Tenant Hardee's | Absolute NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
4029
STORIES
1
YEAR BUILT
1977
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
0730101005
