Hardee's - Net Lease Property for Sale
Chillicothe, IL
Key Investment Metrics
Price
$1,169,000
Cap Rate
6.5%
Net Operating Income
$76,000
Building Size
3415 SF
Lot Size
3,415 SF
Land Area
0.68 Acres
Remaining Term
16.6 years
Lease Expiration
08/01/2042
Lease Term
20 years
Lease Commencement
08/01/2022
Lease Type
Net
Tenant Credit
Corporate Guarantee
Year Built
2005
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This Hardee's Net Lease Property
This Hardee's NNN (triple net lease) property is located in Chillicothe, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 3415 square feet of building space and was built in 2005.
With a cap rate of 6.5%, this Hardee's net lease property offers stable income potential. The asking price is $1,169,000, making it an attractive option for 1031 exchange investors seeking quality Hardee's commercial properties.
Why Invest in Hardee's NNN Properties?
- Stable Income: Hardee's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Hardee's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Chillicothe, IL Market Overview
Located in Chillicothe, IL, this Hardee's property benefits from strong local demographics and market fundamentals. The Chillicothe area offers excellent visibility and accessibility, making it an ideal location for Hardee's operations and a solid investment for net lease property buyers.