Restaurant

Hardee's

2451 Reidville Rd, Spartanburg, SC 29301

Listing Price: $1,701,603

Cap Rate
5.25%
Tenant Name
Carl's Jr.
Gross SF
3,490
Guarantor
Limited Corporate Guarantee
Rentable SF
3,490
Price/Gross SF
$487.57
Lease Type
Absolute Net
Rent Per Square Feet
$25.60

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Hardees located at 2451 Reidville Road in Spartanburg, South Carolina. The property consists of roughly 3,490 rentable square feet of building space and is located on an estimated 1.00-acre parcel of land.
The property is subject to a 20-year triple-net sale-leaseback that will commence upon the close of escrow. Base rent will be $89,334 with rental increases of 10% every five years throughout the base term and into each of the four five-year tenant renewal option periods.

Investment Highlights

  • Long-Term, 20-Year Triple-Net Sale-Leaseback
  • Strong Guaranty from Hardees Restaurants, LLC
  • Attractive 10% Rental Increases Every Five Years

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

Listing Price: $1,701,603

Cap Rate
5.25%
Tenant Name
Carl's Jr.
Gross SF
3,490
Guarantor
Limited Corporate Guarantee
Rentable SF
3,490
Price/Gross SF
$487.57
Lease Type
Absolute Net
Rent Per Square Feet
$25.60

Investment Highlights

  • Long-Term, 20-Year Triple-Net Sale-Leaseback
  • Strong Guaranty from Hardees Restaurants, LLC
  • Attractive 10% Rental Increases Every Five Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive net lease offering for the Hardees located at 2451 Reidville Road in Spartanburg, South Carolina. The property consists of roughly 3,490 rentable square feet of building space and is located on an estimated 1.00-acre parcel of land.
The property is subject to a 20-year triple-net sale-leaseback that will commence upon the close of escrow. Base rent will be $89,334 with rental increases of 10% every five years throughout the base term and into each of the four five-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Drew Babcock

    First Vice President Investments

    License(s): SC: 39872

    South Carolina

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