Hardee’s (7.48% Rent To Sales)– Creston, Ia

$1,190,000

807 West Taylor Street, Creston, IA 50801

For Sale

Retail Restaurant

Active

Last Updated: 07/28/2025

Details:

Cap Rate: 7.5%

NOI: $89,228

Building Size: 3,419 sqft

Lot Area: 1.34 acres

Lease Type: Absolute Net

Year Built: 2011

Zoning: C

Tenancy: Single

Offered by

Kendall Carlsen

Digital Marketing Coordinator

Commercial Investment Advisors

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Highlights:

LONG-TERM ABSOLUTE NNN LEASE: 5 years remaining on initial 15-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years in renewal options
TENANT: Westar Group, Inc. owns & operates 30 Hardee’s locations in Iowa & Nebraska and 1 Corner Bakery Cafe in Kansas
TRAFFIC COUNTS: Positioned on a large ±1.32-acre lot with excellent visibility/access on US-34/W Taylor St with traffic counts of 8,553 CPD - just west of S Sumner Ave with traffic counts of 7,224 CPD
SEASONED SALES LOCATION: Located in dominant retail corridor of Creston, across the street from Walmart, Tractor Supply Co., Hy-Vee & Bomgaars. Seasoned sales location with attractive 7.48% Rent to Sales Ratio (YE 2024)!
2024 DEMOGRAPHICS: Total Population (5MI): 8,374 | Average Household Income (1MI): $75,280

Description:

Hardee’s has 5 years remaining on initial 15-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years in renewal options. The Tenant, Westar Group, Inc. owns & operates 30 Hardee’s locations in Iowa & Nebraska and 1 Corner Bakery Cafe in Kansas. It is Positioned on a large ±1.32-acre lot with excellent visibility/access on US-34/W Taylor St with traffic counts of 8,553 CPD - just west of S Sumner Ave with traffic counts of 7,224 CPD.

The Asset is Located in dominant retail corridor of Creston, across the street from Walmart, Tractor Supply Co., Hy-Vee & Bomgaars. Seasoned sales location with attractive 7.48% Rent to Sales Ratio (YE 2024)! Major retailers in Creston include Walmart, Hy-Vee, Fareway, Bomgaars, Maurices, Tractor Supply Inc., Dollar General, Dollar Tree, Verizon, UScellular, True Value, O’Reilly Auto Parts, Napa Auto Parts; Dining options include Scooter’s Coffee, McDonald’s, Dairy Queen, Pizza Ranch, Taco John’s, Subway, and Casey’s. 6 minutes (2 miles) to Southwestern Community College - a public community college with its main campus in Creston (also has centers in Red Oak & Osceola), serving 1,500 students; 6 minutes (2.5 miles) to Greater Regional Health - a 25- bed critical access hospital and is one of southwest Iowa’s largest employers with over 500 team members, providing comprehensive care through more than 50 services.