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Restaurant

Hardee's (Dark) - Strong Surrounding Market | Drive-Thru

7762 Oak Ridge Hwy, Knoxville, TN 37931

Listing Price: $2,367,000

Cap Rate
5.25%
Tenant Name
Hardee's
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
3,612
Lease Type
Absolute Net
Rent Per Square Feet
$34.39

Investment Overview

--Strategic Location with Excellent Visibility-- -Close Proximity to Hidden Meadows Community, a Brand New 190+ Single Family Home Development | Other Residential Properties Include the Forest Ridge Community Which is Also Home to Forest Ridge Conference Center and a Recreation Area that Includes Two Resort Swimming Pools, a State-of-the-Art Fitness Center, Tennis Court, and Playground -Strong Frontage and Prominent Signage on Both Oak Ridge Highway and Byington Beaver Ridge Road (30,000+ Cars Per Day) -Absolute NNN Lease with No Management or Maintenance Responsibilities – Ideal for Repositioning Period -Other Nearby Credit Tenants Include Walgreens, Weigel’s Gas Station, Sonic, L&W Supply, and More --Strong Real Estate Fundamentals-- -Located Just 15 Minutes Via Oak Ridge Highway From Downtown Knoxville, TN -Strong Exposure on Oak Ridge Highway, a Main Retail Thoroughfare for the Area -Prominent Pylon Signage | Multiple Points of Ingress and Egress on Oak Ridge Highway and Byington Beaver Ridge Road -Favorable Demographics - ±91,270 Residents Within Five Miles | Average Household Exceeds $90,726 Within Three Miles

Investment Highlights

  • Redevelopment Opportunity – Signalized, Corner Location (30,000+ Cars Per Day) with Drive-Thru and Excellent Signage on Oak Ridge Highway
  • Over 10 Years Remaining on Corporate Guaranteed Absolute NNN Lease with Hardee's Food Systems, Inc.
  • Tenant is Continuing to Pay Rent and Has Expressed Interest in Lease Buyout Offers – Please Contact Agent for More Details

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Restaurant

Hardee's (Dark) - Strong Surrounding Market | Drive-Thru

Listing Price: $2,367,000

Cap Rate
5.25%
Tenant Name
Hardee's
Years Remaining On Lease
10.0
Guarantor
Corporate Guarantee
Rentable SF
3,612
Lease Type
Absolute Net
Rent Per Square Feet
$34.39

Investment Highlights

  • Redevelopment Opportunity – Signalized, Corner Location (30,000+ Cars Per Day) with Drive-Thru and Excellent Signage on Oak Ridge Highway
  • Over 10 Years Remaining on Corporate Guaranteed Absolute NNN Lease with Hardee's Food Systems, Inc.
  • Tenant is Continuing to Pay Rent and Has Expressed Interest in Lease Buyout Offers – Please Contact Agent for More Details

Investment Overview

--Strategic Location with Excellent Visibility-- -Close Proximity to Hidden Meadows Community, a Brand New 190+ Single Family Home Development | Other Residential Properties Include the Forest Ridge Community Which is Also Home to Forest Ridge Conference Center and a Recreation Area that Includes Two Resort Swimming Pools, a State-of-the-Art Fitness Center, Tennis Court, and Playground -Strong Frontage and Prominent Signage on Both Oak Ridge Highway and Byington Beaver Ridge Road (30,000+ Cars Per Day) -Absolute NNN Lease with No Management or Maintenance Responsibilities – Ideal for Repositioning Period -Other Nearby Credit Tenants Include Walgreens, Weigel’s Gas Station, Sonic, L&W Supply, and More --Strong Real Estate Fundamentals-- -Located Just 15 Minutes Via Oak Ridge Highway From Downtown Knoxville, TN -Strong Exposure on Oak Ridge Highway, a Main Retail Thoroughfare for the Area -Prominent Pylon Signage | Multiple Points of Ingress and Egress on Oak Ridge Highway and Byington Beaver Ridge Road -Favorable Demographics - ±91,270 Residents Within Five Miles | Average Household Exceeds $90,726 Within Three Miles

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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