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Restaurant

Hardee's (Packaged w / ZAC0680094)

106 Thoroughbred Run Rd, Morristown, TN 37813

Listing Price: $3,060,891

Cap Rate
4.60%
Tenant Name
Hardee's
Years Remaining On Lease
11.5
Gross SF
2,606
Guarantor
Corporate Guarantee
Rentable SF
2,606
Price/Gross SF
$1,174.56
Lease Type
Absolute Net
Rent Per Square Feet
$54.03

Investment Overview

Marcus & Millichap is pleased to present a 2606 square-foot Hardee's located in Morristown, Tennessee which is part of Knoxville MSA. The property is at the corner of Interstate 81 and US Highway 32 (Dixie Highway) with a combined total of 71,839 cars per day +/-. This Hardee's is at the Heart of all things Tennessee, with roughly 209,152 people within a 20-mile radius. This property is part of a package deal with another Hardee's located at 113 Bear Creek Pike, Columbia, Tennessee.

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease and a Corporate Guarantee
  • Four 5-Year Renewal Options and Rent Increases 10% every 5 years
  • 1 of 2 of a Portfolio Deal with 113 Bear Creek Pike, Columbia, Tennessee

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Hardee's (Packaged w / ZAC0680094)

Listing Price: $3,060,891

Cap Rate
4.60%
Tenant Name
Hardee's
Years Remaining On Lease
11.5
Gross SF
2,606
Guarantor
Corporate Guarantee
Rentable SF
2,606
Price/Gross SF
$1,174.56
Lease Type
Absolute Net
Rent Per Square Feet
$54.03

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease and a Corporate Guarantee
  • Four 5-Year Renewal Options and Rent Increases 10% every 5 years
  • 1 of 2 of a Portfolio Deal with 113 Bear Creek Pike, Columbia, Tennessee

Investment Overview

Marcus & Millichap is pleased to present a 2606 square-foot Hardee's located in Morristown, Tennessee which is part of Knoxville MSA. The property is at the corner of Interstate 81 and US Highway 32 (Dixie Highway) with a combined total of 71,839 cars per day +/-. This Hardee's is at the Heart of all things Tennessee, with roughly 209,152 people within a 20-mile radius. This property is part of a package deal with another Hardee's located at 113 Bear Creek Pike, Columbia, Tennessee.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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