Hardee's

Absolute Triple Net (NNN) Lease: True NNN structure requiring no landlord responsibilities; tenant is solely responsible for all maintenance, real estate taxes, insurance, and operating expenses.
Strong Franchisee Guarantee: Lease guaranteed by StarCorp, LLC—one of the largest Hardee’s franchisees in the U.S.—operating approximately 150 units nationwide, providing strong credit support and operational stability.
Long-Term Lease with Rent Growth: Original 20-year lease term with ±11 years remaining, expiring December 31, 2036. Includes 1.25% annual rent escalations, supporting steady net operating income (NOI) growth. Four, 5-year renewal options offer long-term hold potential and tenant retention flexibility.
Below-Market Rent: Current rent of $57,941 annually (approximately $22.60 per square foot) is significantly below market for comparable QSR drive-thru properties. Attractive occupancy cost structure strengthens tenant commitment and mitigates rollover risk.
Attractive 1031 Exchange Opportunity: Ideal for investors seeking a low-management, income-generating asset suitable for small-balance 1031 exchanges or residual exchange proceeds. Secure, long-term lease structure with built-in rent increases provides predictable cash flow over an extended hold period.

Navigation Menu