Tenant: Hardee’s | Augusta, GA
Premises: 3,000 SF
Renewal Options: 4 x 5 Years
Lease Expiration: 11/30/2037
Lease Type: Absolute NNN
Rental Increases: 7.5% Every 5 Years
Hardee’s is an American-based fast-food restaurant chain operated by CKE Restaurants Holdings, Inc. (“CKE”) with locations primarily in the Southern and Midwestern United States. CKE Restaurants Holdings, Inc. owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr.®, Hardee’s®, Green Burrito® and Red Burrito® restaurant brands. The CKE system includes restaurants in 42 states and in 28 countries. CKE is headquartered in Franklin, Tennessee.
Most of the remaining international Hardee’s franchises are located in countries in the Middle East and Pakistan, most being owned and operated by Americana Group. The Americana Group opened the Middle East’s first Hardee’s restaurant in Kuwait in June 1980. As of 2016, there are over 300 Hardee’s restaurants throughout Latin America, Asia and the Middle East, specifically in Bahrain, Curaçao, Egypt, El Salvador, Guatemala, Hong Kong, Iraq, Jamaica, Jordan, Kazakhstan, Kuwait, Lebanon, Oman, Pakistan, Qatar, Saudi Arabia, South Korea, Taiwan and the United Arab Emirates.