This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
Hardee's Parking Lot
Lebanon, TN 37087
Hardee's Parking Lot · Land For Sale
·
0.32 ac
PROPERTY FACTS
| Property Type | Land | Total Plot Size | 0.32 ac |
| Property Subtype | Commercial | No. Floors | 1 |
| Proposed Use | Fast Food | ||
| Use Class | C | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Fast Food |
| Total Plot Size | 0.32 ac |
| No. Floors | 1 |
| Use Class | C |
DESCRIPTION
We are pleased to offer to qualified investors an opportunity to purchase a Hardee’s parking lot on an absolute NNN ground lease vital to the successful continued operation of a Hardee’s restaurant. This is irreplaceable real estate as the Tenant (CKE Restaurants, Inc.) requires this space to accommodate the visitors of it’s restaurant; doing so since 1994. Hardee’s has shown strong commitment to this location as they have recently elected to extend the term of this lease until February of 2045. With over 27 years remaining on the original term; this lease offers stable long term cash flow with the potential for significant increases in NOI as minimum 12% increases in rent take effect every 5 years based off of CPI adjustments. This is a rare opportunity to purchase a true coupon clipper asset (absolute NNN ground lease - zero Landlord responsibilities) vital to the operation of the Tenant, with significant rental increases every 5 years for the next 27 years.
PROPERTY TAXES
| Parcel Number | 058O-C-044.00 | Improvements Assessment | £175,192 |
| Land Assessment | £104,074 | Total Assessment | £279,266 |
PROPERTY TAXES
