Single-Tenant, Absolute NNN Corporate Guaranteed Hardee's
3301 West 3rd Street, Bloomington, IN
$2,536,695
Price
5.75%
Cap Rate
$145,859
NOI
Overview
Description
Kidder Mathews is pleased to present an absolute NNN corporate guaranteed Hardee’s located in Bloomington, Indiana.
The offering includes a ±3,450 square foot fast food restaurant fully leased to Hardee’s, which is an American fast-food chain operated by CKE Restaurants Holdings, Inc. They have more than 1,800 restaurants across the U.S., and locations in 14 countries.
The subject property is ideally located just off I-69 at a signalized intersection that also serves as the entrance to a shopping center anchored by At Home, The Home Decor Superstore, Joann Fabric, & Planet Fitness. The center is also shadow anchored by Outback Steakhouse, Bob Evans, Freddy’s Frozen Custard & Steakburgers, and America’s Best. Adjacent to the subject property are several other shopping centers that are home to tenants such as Kroger, CVS, Lowes Home Improvement, Big Lots, Dollar General, Fresh Thyme Market, TJ Maxx, PetSmart, and Bed Bath & Beyond.
Highlights
- 9+ years remaining on a 20-year corporate NNN Hardee’s lease that commenced in 2012
- Located in a thriving retail corridor amongst retailers such as At Home, The Home Decor Superstore, Joann Fabric, Planet Fitness, Outback Steakhouse, Bob Evans, Arby’s, Wendy’s, Freddy’s Frozen Custard & Steakburgers, America’s Best, Kroger, CVS, Lowes Home Improvement, Big Lots, Dollar General, Fresh Thyme Market, TJ Maxx, PetSmart, and Bed Bath & Beyond
- Located on a well-positioned signalized hard corner visible to ±33,012 Vehicles Per Day
- Large drive-thru with great access on an oversized 44,997 SF lot (1.03 Acres) in a supply constrained market
- Approximately 2.9 miles from Indiana University Bloomington, which has a student population of over 40,000
Documents
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Offering Memorandum
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