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Restaurant

Hardee's (Corporate)

633 Asheville Hwy, Greeneville, TN 37743

Listing Price: $1,911,460

Cap Rate
5.00%
Tenant Name
Hardee's Restaurants LLC
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
3,642
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.24

Investment Overview

Marcus & Millichap is pleased to present a 3,642 square foot freestanding Hardee's Restaurant located in Greeneville, TN. The subject property enjoys excellent exposure along Asheville Highway as a pad building to an Ingles Market anchored shopping center. While the current lease term expires December 31, 2027, the tenant has an additional 4 5-year renewal options.

Investment Highlights

  • Corporate NNN Lease (12% Rental Increase January 1, 2023)
  • 6.59% Rent-to-Sales ratio
  • Pad building to Ingles Market anchored shopping center

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $1,911,460

Cap Rate
5.00%
Tenant Name
Hardee's Restaurants LLC
Years Remaining On Lease
6.6
Guarantor
Corporate Guarantee
Rentable SF
3,642
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.24

Investment Highlights

  • Corporate NNN Lease (12% Rental Increase January 1, 2023)
  • 6.59% Rent-to-Sales ratio
  • Pad building to Ingles Market anchored shopping center

Investment Overview

Marcus & Millichap is pleased to present a 3,642 square foot freestanding Hardee's Restaurant located in Greeneville, TN. The subject property enjoys excellent exposure along Asheville Highway as a pad building to an Ingles Market anchored shopping center. While the current lease term expires December 31, 2027, the tenant has an additional 4 5-year renewal options.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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