Hardee's - Net Lease Property for Sale
Paris, TN
Key Investment Metrics
Price
$2,269,028
Cap Rate
7.0%
Net Operating Income
$158,840
Building Size
2962 SF
Lot Size
2,962 SF
Land Area
0.43 Acres
Remaining Term
9.5 years
Lease Expiration
06/30/2035
Lease Term
20 years
Lease Commencement
10/02/2014
Lease Type
Absolute NNN
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
1.75% Annually
About This Hardee's Net Lease Property
This Hardee's NNN (triple net lease) property is located in Paris, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 2962 square feet of building space and was built in 2015.
With a cap rate of 7.0%, this Hardee's net lease property offers stable income potential. The asking price is $2,269,028, 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.
Paris, TN Market Overview
Located in Paris, TN, this Hardee's property benefits from strong local demographics and market fundamentals. The Paris area offers excellent visibility and accessibility, making it an ideal location for Hardee's operations and a solid investment for net lease property buyers.