Hardees Corp.
5801 Fairfield Road
Columbia, SC 29203
Price: $2,025,000Cap Rate: 6.00%NOI: $121,336.38Building SF: 2,872 SFLot Size: 51,928 SFYear Built: 1995Status: Available
INVESTMENT HIGHLIGHTS:
CORPORATELY GUARANTEED LEASE
- Hardee’s has over 5,800 locations worldwide
- Successful company founded over 65 years
IDEALLY LOCATED DIRECTLY OFF INTERSTATE 20
- Subject property is located at the on/off ramp of the highly trafficked Interstate 20
- 114,200 cars per day along Interstate 20
COLUMBIA IS HOME TO UNIVERSITY OF SOUTH CAROLINA
- University of South Carolina is just 5 miles from the subject property
LARGE PARENT COMPANY – CKE RESTAURANTS INC.
- Hardee’s was acquired by CKE Restaurants Inc in April 1997
- CKE Restaurants Inc has revenues in excess of $1.2 billion
ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE
- Completely passive NNN investment – ZERO landlord responsibilities
- Attractive 10% increases every 5 years in the Primary and Option Terms
COVID-19 AND ECOMMERCE RESISTANT BUSINESS
- Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic
BUILT IN CUSTOMER BASE
- Hardee’s is surrounded by several elementary, middle and high schools providing a solid and consistent customer base
- There are several nearby including the Wyndham Columbia immediately next to the subject property
- Columbia is home to Fort Jackson