Retail Space For Lease @ 515 Us Hwy 441

Freestanding Absolute NNN Zero Landlord Responsibility Corporate Guaranteed Hardee's. Hardee's, a subsidiary of the fast food giant CKE Restaurants Holdings, has occupied the restaurant since 2017 and has a lease through January 2037, showing commitment to the location. The site consists of roughly ±3,052 rentable square feet of building space on estimated 1.57-acre parcel of land. The Hardee’s lease expires on August 31, 2037 and features four 5-year renewal options. The lease features scheduled 10% rental increases starting in 2022 and continuing every 5 years throughout the initial term. Additionally, the lease features 10% rental increases every 5 year option period. Along with its sibling restaurant chain, Carl’s Jr., Hardee’s is the 5th largest fast-food restaurant chain in the United States. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The site features a state-of-the-art, newly constructed building with modern amenities and design, with a major tenant commitment to the location, having built the restaurant at tenant’s own expense.

Tenant Information: Capstone Restaurant Group is a collection of affiliated companies that operates and franchise over 270+ restaurants in 16 states through a variety of brands that include Carl’s Jr, Hardee’s, Taco Bell, Dunkin Donut and Pizza Hut Express. Their focus is on Hardee’s and Carl’s Jr where they have 260 restaurants. They were founded in 2010 with just 40 restaurants and through a series of acquisitions and organic growth have climbed their way to the second largest franchisee in the CKE Restaurants system. This space offers accomodations for: free standing building.