Hardee’s Deltona, Florida

$2,995,000
Not Available
Property type: Single-Tenant Net Lease

The space

  • Price: $2,995,000
  • Cap Rate: 6.01%
  • Rentable Square Feet: 3,081
  • Annual Rent: $180,000
  • Land Area: 0.99 Acres
  • Year Built: 2018
  • Lease Guarantor: Arbor Capital Partners, LLC
  • Lease Type: NNN
  • Rent Increases: 10% Every 5 Years
  • Lease Expiration: July 31, 2039

Description

400 Welcome Center Drive
Deltona, FL 32725

Investment Highlights

  • Long-Term Sale-Leaseback with Experienced Franchisee, Owns and Operates 12 Hardee’s Locations | Arbor Capital Partners owns and operates 9 of those 12 locations
  • 10% Rent Increases Every Five Years Throughout Base Term and Options
  • Located off Interstate 4 with a Daily Traffic Count of More Than 100,000 Vehicles
  • Population of More Than 297,000 Within 10 Miles | Average Household Income is $82,231 in Ten Miles of Property
  • Seven Miles from HCA Florida Lake Monroe Hospital – An Acute Care Facility with Over 10,000 Employees, Offering a Range of High-Quality Healthcare Services Including Cardiovascular Care, Emergency Care and Orthopedics
  • 28 Miles from University of Central Florida – A Public University with 10 Regional Campuses and an Undergraduate Enrollment of over 60,000 Students per Semester
  • 31.5 Miles Southwest of Daytona Beach and 26 Miles Northeast of Orlando | Tourism is the Largest Economic Driver in the Daytona Beach Metro
  • Surrounding National Retailers Include McDonald’s, Burger King, IHOP, Waffle House, Circle K, RaceTrac, U-Haul, Hampton Inn, Travelodge by Wyndham and Many More

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Hardee’s restaurant, located in Deltona, Florida. This Hardee’s offers a long-term triple net lease with rent increases of ten percent every five years.

The subject property is located off Interstate 4 with a daily traffic count of more than 100,000 vehicles. The surrounding location offers a population of more than 297,000 and an average household income is $82,231 within ten miles of property. Surrounding national retailers include McDonald’s, Burger King, IHOP, Waffle House, Circle K, RaceTrac, U-Haul, Hampton Inn, Travelodge by Wyndham and many more.

Deltona is part of the Daytona Beach Metro and the property is located 31.5 miles southwest of Daytona Beach and 26 miles northeast of Orlando, with tourism as the largest economic driver. The property is also located just 7 miles from HCA Florida Lake Monroe Hospital – an acute care facility with over 10,000 employees, offering a range of high-quality healthcare services including cardiovascular care, emergency care and orthopedics.

This Hardee’s location is operated by Arbor Capital Partners. The company owns and operates 9 Hardee’s locations and 1 Subway. Arbor Capital Partners has more than 20 years of franchise experience. The lease guarantee includes 9 units.

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