Hardee's Sale Leaseback NNN Fast Food Arkansas

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Investment Offering

Tenant: Hardee’s | Sheridan, AR
Premises: 3,099 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 20 Yrs from COE
Lease Type: NNN
Rental Increases: 10% Every 5 Years

Sands Investment Group is Pleased to Exclusively Offer For Sale the Hardee’s Sale Leaseback Investment Opportunity Located at 201 N Rock Street in Sheridan, Arkansas.

Brand New 20 Year Triple Net (NNN) Lease With No Landlord Responsibilities to Begin at the Close of Escrow
Lease Guaranty is Backed By an Experienced Franchisee With 36+ Units
Tenant Completed an Extensive $275,000 Interior and Exterior Remodel in 2018
Limited QSR Competition Within a 5-Mile Radius
Sheridan is Located 25-Miles East of Pine Bluff and 34-Miles South of Little Rock
Located on a Signalized Corner With Dual Access Off Bell St and Rock St With a Combined Traffic Count of Over 12,400 VPD
Ideally Situated Between Sheridan High School, Sheridan Intermediate School and Sheridan Middle School, Which Brings Over 600 Students Within a 1-Mile Radius of the Property
Population of Over 12,593 Residents Making an Average Household Income of $66,278 Within a 10-Mile Radius
Sheridan’s Top Employers Are the School District, Memorial Hospital, Veteran Affairs Healthcare System, Cloud Peak Energy and Sheridan College
Nearby Tenants Include: Valero, Sonic, Dollar General, Pizza Hut, McDonald’s, Burger King, Baskin-Robbins, Walmart Supercenter and Dollar Tree

In Cooperation With Sands Investment Group Arkansas, LLC – Lic. # PB00085157

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Tenant Overview

Hardee’s is an American fast-food restaurant chain which predominantly operates in the Midwestern and Southeastern United States. It was founded in 1960 by Wilber Hardee in Greenville, North Carolina, and is owned today by CKE Restaurants, Inc. After recent international openings, there are over 3,800 franchised or company-operated restaurants in 44 states and 43 foreign countries and U.S. territories. CKE Restaurants, Inc. owns, operates and franchises the Carl’s Jr., Hardee’s, Green Burrito® and Red Burrito® concepts. Carl’s Jr. and Hardee’s operate as one brand under two names, acknowledging the rich regional heritage of both banners. Recently, CKE opened their first restaurants in New York and New Jersey, and had international openings in Japan, Australia, Canada, Colombia and Guatemala. CKE Restaurants, Inc. now has a total of 3,682 franchised or company-operated restaurants in 44 states and 38 foreign countries and U.S. territories. The Carl’s Jr./Hardee’s system is now 93 percent franchised, with international restaurants representing 19 percent of the system.

Area Overview