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Hardee's
3097 East Main Street, Russellville, AR, 72802, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,550 SF Hardee’s Located at 3097 East Main Street in Russellville, AR. This Deal Includes a Brand New 20-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow, Providing For a Secure Investment.
- Brand New 20-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow
- Brand New Construction Drive-Thru | Tenant Scraped Old Building
- Successful Long Term Occupancy History With Strong Sales of $1.55M
- Strong Hedge Against Inflation With 10% Rent Increases Every 5 Years
- Lease is Backed By Saddle Peak, a Proud and Experienced 32-Unit Hardee’s and 6-Unit 7 Brew Coffee Operator
- The Property Sits on a Strong Corner Lot With Dual Access Off Hwy 331 and East Main St That Sees a Combined Traffic Count of Over 43,000 VPD
- Strategically Located as an Outparcel to a Hobby Lobby Anchored Strip Center With Major Retailers Including: JCPenney, Dollar Tree, Shoe Carnival, T.J. Maxx, Ross Dress For Less, AT&T and PetSmart
- Brand New Construction Chipotle Opening Next Door, Creating More Retail Synergy and Traffic Flow to the Area
- Russellville is Home to Arkansas Tech University – Third Largest Institution of Higher Learning In The State (12,000+ Students Enrollment)
- Nearby Retail Drivers Include: Chipotle, McDonald’s, AT&T, Dollar Tree, JCPenney, Burger King, Harbor Freight Tools, Hobby Lobby, Waffle House, Five Below, Starbucks, T.J.Maxx, PetSmart, Lowe’s, U-Haul, Chili’s, Walmart Supercenter, Slim Chickens, Taco John’s and More
In Cooperation With Sands Investment Group Arkansas, LLC Lic. #PB00085157 BOR: Andrew Ackerman Lic. AR #PB00085157
Hardee's
3097 East Main Street, Russellville, AR, 72802, USA
HARDEE’S
Founded in 1960 by Wilber Hardee and acquired by CKE Restaurants Holdings, Inc. in 1997, Hardee’s restaurants are located throughout the Southeastern and Midwestern United States. For 60 years, Hardee’s has brought communities together with quality, delicious food. With more than 1,800 restaurants across the U.S., and locations in 14 countries, Hardee’s is committed to the best tasting food to better serve our guests–From Made From Scratch Biscuits and Hand-Breaded Chicken Tenders. CKE Restaurants Holdings, Inc., a privately held company based in Franklin, Tennessee, runs and operates Carl’s Jr.® and Hardee’s® restaurants, two beloved brands, known for premium and innovative menu items such as iconic charbroiled burgers, Made from Scratch™ Biscuits and Hand-Breaded Chicken Tenders™. With both a U.S. and international footprint, Carl’s Jr. Restaurants LLC and Hardee’s Restaurants LLC have more than 3,600 franchised or companyoperated restaurants domestically and more than 35 international markets and U.S. territories.
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Price
$2,480,000
Cap Rate
6.25%
PREMISES
2,550 SF
RENEWAL OPTIONS
4 x 5 Year Options
Lease Expiration
20 Years From Close of Escrow
Lease Type
Absolute NNN
RENTAL INCREASES
10% Every 5 Years Including Options
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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