Hardee’s Belleview, Florida

$2,500,000
Cap Rate: 6.00%
Closed
SKU: 5741 SE Abshier Blvd, Belleview, FL 34420
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 6.00%
Year Built: 2016
NOI: $150,000
Building Size: 3,053 sq. ft.
Lot Size: 1.20 Acres
Lease Expiration: 20 Years from COE

Description

Hardee’s is a Triple Net lease (NNN) investment opportunity with a brand new 20-year lease. There are four, five-year renewal options with 10 percent rental increases every five years in both base term and option periods.

The tenant owns and operates nine Hardee’s locations with more than 16 years of franchise experience.  Hardee’s has been ranked as the No. 28 food service chain by Nation’s Restaurant News by sales in the United States.

Hardee’s is part of the Ocala metropolitan statistical area, just 10 miles South of Ocala between Gainesville and Orlando. This location features high daily traffic counts of 28,000 vehicles on Abshier Boulevard and 91,000 vehicles off of nearby Interstate 75. There is a brand new Wawa which is proposed to come directly across the street. It is strategically positioned and surrounded by national retailers including KMart, Publix, Winn Dixie, Family Dollar, Save A Lot, Dollar General, Bealls, Advance Auto Parts, CVS, Walgreens, Bank of America, Wells Fargo, Dunkin Donuts, McDonald’s, Burger King, Popeye’s, Pizza Hut and many more. Hardee’s is located 10 miles North of The Villages which is the largest single-site residential real estate development in the United States spanning over 27,000 acres in three adjoining counties in Central Florida.

 

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