Restaurant
Hardee's
2345 E Morris Blvd, Morristown, TN 37813
Listing Price: $2,435,000
Cap Rate
6.25%
Tenant Name
Hardee's
Years Remaining On Lease
8.6
Gross SF
3,851
Guarantor
Corporate Guarantee
Rentable SF
3,851
Price/Gross SF
$632.30
Lease Type
Absolute Net
Rent Per Square Feet
$39.51
Investment Overview
High volume Hardee's located in Morristown, TN with 8.7 years remaining on an absolute NNN corporate lease.
Hardee's
Investment Highlights
- High volume location | corporate lease with 8.7 years remaining
- This Hardee's location is performing approximately 62% higher than average Hardee's store - contact agent for info.
- On track to reach close to $2M in store sales for 2023
- Absolute NNN - zero landlord responsibilities
- Hardee's is located on a signalized corner with great visibilities across from College Square Mall - 380K+ SF retail center
- National retailers in the immediate area include Dicks Sporting Goods, Kohl's, Olive Garden, Longhorn Steakhouse, TJ Maxx, Walmart, CVS, Walgreens, Ross, McDonald's, Ashley Furniture, Wendy's, Arby's, AMC Theatre, five Below, Planet Fitness and many more
- Hardee's located 1.4 miles from Walters State Community College with 4,171 enrollments
Exclusively Listed By
Broker of Record
Listing Price: $2,435,000
Cap Rate
6.25%
Tenant Name
Hardee's
Years Remaining On Lease
8.6
Gross SF
3,851
Guarantor
Corporate Guarantee
Rentable SF
3,851
Price/Gross SF
$632.30
Lease Type
Absolute Net
Rent Per Square Feet
$39.51
Investment Highlights
- High volume location | corporate lease with 8.7 years remaining
- This Hardee's location is performing approximately 62% higher than average Hardee's store - contact agent for info.
- On track to reach close to $2M in store sales for 2023
- Absolute NNN - zero landlord responsibilities
- Hardee's is located on a signalized corner with great visibilities across from College Square Mall - 380K+ SF retail center
- National retailers in the immediate area include Dicks Sporting Goods, Kohl's, Olive Garden, Longhorn Steakhouse, TJ Maxx, Walmart, CVS, Walgreens, Ross, McDonald's, Ashley Furniture, Wendy's, Arby's, AMC Theatre, five Below, Planet Fitness and many more
- Hardee's located 1.4 miles from Walters State Community College with 4,171 enrollments
Investment Overview
High volume Hardee's located in Morristown, TN with 8.7 years remaining on an absolute NNN corporate lease.
Exclusively Listed By
Broker of Record
