Hardee's - Net Lease Property for Sale
Petersburg, IL
Key Investment Metrics
Price
$830,100
Cap Rate
7.0%
Net Operating Income
$57,941
Building Size
2564 SF
Lot Size
2,564 SF
Land Area
1.25 Acres
Remaining Term
12 years
Lease Expiration
12/31/2037
Lease Term
19.6 years
Lease Commencement
06/01/2018
Lease Type
Absolute NNN
Year Built
1996
Occupancy
100%
Tenancy
Single
Rent Increases
1.25% Annual
About This Hardee's Net Lease Property
This Hardee's NNN (triple net lease) property is located in Petersburg, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 2564 square feet of building space and was built in 1996.
With a cap rate of 7.0%, this Hardee's net lease property offers stable income potential. The asking price is $830,100, 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.
Petersburg, IL Market Overview
Located in Petersburg, IL, this Hardee's property benefits from strong local demographics and market fundamentals. The Petersburg area offers excellent visibility and accessibility, making it an ideal location for Hardee's operations and a solid investment for net lease property buyers.