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Restaurant

Hardee's

900 Pronghorn St, Casper, WY 82601

Listing Price: $2,479,000

Cap Rate
5.10%
Tenant Name
Hardee's
Years Remaining On Lease
10.2
Guarantor
Franchisee Guarantee
Rentable SF
3,982
Lease Type
Absolute Net
Rent Per Square Feet
$31.75

Investment Overview

The subject property is a 3,982 square-foot Hardee’s situated on 53,597 square feet in Casper, Wyoming. In 2007 Saddleback Investments originally signed a 20 year lease with five four-year renewal options. In 2013 Saddleback assigned the lease to HR Group Holdings (Bighorn). During this process, Bighorn exercised their first five year option early. The subject property is conveniently located off Highway 25 on the corner of Poplar Street and 1st Street. Hardee’s is also immediately adjacent to Jonah Bank of Wyoming and High Country Fabrication. Hiltop Shopping Center which includes Albertson’s and a mix of national franchises and locally owned shops is located approximately two miles away. Eastridge Mall which includes Target, Macy’s Sears, and JC Penney’s as their anchor stores is located approximately four miles away. Walmart and Sam’s Club is adjacent to Eastridge Mall.

Investment Highlights

  • Absolute NNN Lease - Guaranteed by 11-Unit Entity (Subsidiary of 162-Unit Franchisee)
  • Long Term Lease with Over 10 Years Remaining
  • Population Exceeds 68,300 (Five-Mile)

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2000

    License(s) WY: RE-13688

    Wyoming

Listing Price: $2,479,000

Cap Rate
5.10%
Tenant Name
Hardee's
Years Remaining On Lease
10.2
Guarantor
Franchisee Guarantee
Rentable SF
3,982
Lease Type
Absolute Net
Rent Per Square Feet
$31.75

Investment Highlights

  • Absolute NNN Lease - Guaranteed by 11-Unit Entity (Subsidiary of 162-Unit Franchisee)
  • Long Term Lease with Over 10 Years Remaining
  • Population Exceeds 68,300 (Five-Mile)

Investment Overview

The subject property is a 3,982 square-foot Hardee’s situated on 53,597 square feet in Casper, Wyoming. In 2007 Saddleback Investments originally signed a 20 year lease with five four-year renewal options. In 2013 Saddleback assigned the lease to HR Group Holdings (Bighorn). During this process, Bighorn exercised their first five year option early. The subject property is conveniently located off Highway 25 on the corner of Poplar Street and 1st Street. Hardee’s is also immediately adjacent to Jonah Bank of Wyoming and High Country Fabrication. Hiltop Shopping Center which includes Albertson’s and a mix of national franchises and locally owned shops is located approximately two miles away. Eastridge Mall which includes Target, Macy’s Sears, and JC Penney’s as their anchor stores is located approximately four miles away. Walmart and Sam’s Club is adjacent to Eastridge Mall.

Exclusively Listed By

Broker of Record

  • Neville Rustomjee

    First Vice President Investments

    (303) 328-2000

    License(s): WY: RE-13688

    Wyoming

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