Restaurant

Hardee's

4699 Gravois Road, House Springs, MO 63051

Listing Price: $2,237,000

Cap Rate
5.10%
Tenant Name
Hardee's
Years Remaining On Lease
8.4
Gross SF
3,403
Guarantor
Corporate Guarantee
Rentable SF
3,403
Price/Gross SF
$657.36
Lease Type
Absolute Net
Rent Per Square Feet
$33.53

Investment Overview

This true NNN lease has been operating as a Hardee’s since 1999 when it first started as a 20 year true NNN lease. In 2019, the Tenant exercised their first option, proving their desire to continue at this seasoned location, and in April 2020 (in response to the Covid pandemic) after a brief rent reduction, they extended the lease again through June 10, 2029, essentially making this lease a 30 year base term. There remains two more 5-year options to be exercised. Additionally, the next rent escalation is to occur in 2024, which is just 44 months from the time this listing was launched. The qualified investor acquiring this location will enjoy the sleep at night aspect of this QSR investment, both because it is recession, e-commerce, pandemic and recession resistant in nature, but it is also corporately guaranteed by CKE Restaurants, LLC. CKE Restaurants Holdings, Inc. (“CKE”) is a privately held company that operates Carl’s Jr., and Hardee’s, with over 3,800 restaurants in 44 states and 43 foreign countries and U.S. territories.

Investment Highlights

  • CKE Restaurants guaranteed, offering security to a passive investor
  • QSR's have shown to be Covid-19, e-commerce and recession resistant operations
  • Long term true NNN fee single location offer rent escalations every 5 years which hedges against inflation
  • Passive investment opportunity with no landlord obligations

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Financing By

Listing Price: $2,237,000

Cap Rate
5.10%
Tenant Name
Hardee's
Years Remaining On Lease
8.4
Gross SF
3,403
Guarantor
Corporate Guarantee
Rentable SF
3,403
Price/Gross SF
$657.36
Lease Type
Absolute Net
Rent Per Square Feet
$33.53

Investment Highlights

  • CKE Restaurants guaranteed, offering security to a passive investor
  • QSR's have shown to be Covid-19, e-commerce and recession resistant operations
  • Long term true NNN fee single location offer rent escalations every 5 years which hedges against inflation
  • Passive investment opportunity with no landlord obligations

Investment Overview

This true NNN lease has been operating as a Hardee’s since 1999 when it first started as a 20 year true NNN lease. In 2019, the Tenant exercised their first option, proving their desire to continue at this seasoned location, and in April 2020 (in response to the Covid pandemic) after a brief rent reduction, they extended the lease again through June 10, 2029, essentially making this lease a 30 year base term. There remains two more 5-year options to be exercised. Additionally, the next rent escalation is to occur in 2024, which is just 44 months from the time this listing was launched. The qualified investor acquiring this location will enjoy the sleep at night aspect of this QSR investment, both because it is recession, e-commerce, pandemic and recession resistant in nature, but it is also corporately guaranteed by CKE Restaurants, LLC. CKE Restaurants Holdings, Inc. (“CKE”) is a privately held company that operates Carl’s Jr., and Hardee’s, with over 3,800 restaurants in 44 states and 43 foreign countries and U.S. territories.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Financing By

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