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Restaurant

Hardee's - St Louis MSA

12620 IL-143, Highland, IL 62249

Listing Price: $1,795,000

Cap Rate
5.25%
Tenant Name
Hardee's
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
3,486
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.02

Investment Overview

Corporate Guaranteed Lease | Strong Brand Recognition * Proven Location with the Tenant Occupying this Site Since 2011 * Strong Brand Recognition and Strategic Location – Close Proximity to US Highway 40 and Hardee’s Diverse Menu of Breakfast, Lunch, and Dinner Options Generates Traffic at All Times Throughout the Day * CKE Restaurants Holdings, Inc. (CKE) is a Privately Held Company Based in Franklin, TN – There are Over 3,800 Hardee’s/Carl’s Jr. Locations in 44 States and 43 Countries with More Than 23,000 Employees Prime Retail Location * The Greater St. Louis MSA is Home to 10 of Missouri’s 11 Fortune 500 Companies as Well As Over 30 Colleges & Universities – Highland, IL is Located Just 30 Minutes from Downtown St. Louis, MO * Strong Exposure on Walnut Street (Illinois State Route 143), a Main Retail Thoroughfare for the Area * Prominent Pylon Signage Visible from Both State Highway 143 and US Highway 40 * Multiple Points of Ingress and Egress on Walnut Street (Illinois State Route 143) * Strong Average Household Income of $89,635 Within Five Miles

Investment Highlights

  • Over 10 Years Remaining on Corporate Guaranteed Absolute NNN Lease with Hardee's Food Systems, Inc.
  • Very Strong Retail Location – Nearby Credit Tenants Include Ford, Walgreens, Ace Hardware, Dollar General, Circle K, Sonic, and Many More
  • Absolute NNN Lease with No Management or Maintenance Responsibilities – Ideal for Investors Not Local to the Market

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s) IL: 471.011175

    Illinois

Restaurant

Hardee's - St Louis MSA

Listing Price: $1,795,000

Cap Rate
5.25%
Tenant Name
Hardee's
Years Remaining On Lease
10.3
Guarantor
Corporate Guarantee
Rentable SF
3,486
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.02

Investment Highlights

  • Over 10 Years Remaining on Corporate Guaranteed Absolute NNN Lease with Hardee's Food Systems, Inc.
  • Very Strong Retail Location – Nearby Credit Tenants Include Ford, Walgreens, Ace Hardware, Dollar General, Circle K, Sonic, and Many More
  • Absolute NNN Lease with No Management or Maintenance Responsibilities – Ideal for Investors Not Local to the Market

Investment Overview

Corporate Guaranteed Lease | Strong Brand Recognition * Proven Location with the Tenant Occupying this Site Since 2011 * Strong Brand Recognition and Strategic Location – Close Proximity to US Highway 40 and Hardee’s Diverse Menu of Breakfast, Lunch, and Dinner Options Generates Traffic at All Times Throughout the Day * CKE Restaurants Holdings, Inc. (CKE) is a Privately Held Company Based in Franklin, TN – There are Over 3,800 Hardee’s/Carl’s Jr. Locations in 44 States and 43 Countries with More Than 23,000 Employees Prime Retail Location * The Greater St. Louis MSA is Home to 10 of Missouri’s 11 Fortune 500 Companies as Well As Over 30 Colleges & Universities – Highland, IL is Located Just 30 Minutes from Downtown St. Louis, MO * Strong Exposure on Walnut Street (Illinois State Route 143), a Main Retail Thoroughfare for the Area * Prominent Pylon Signage Visible from Both State Highway 143 and US Highway 40 * Multiple Points of Ingress and Egress on Walnut Street (Illinois State Route 143) * Strong Average Household Income of $89,635 Within Five Miles

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2250

    License(s): IL: 471.011175

    Illinois

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