Lowest Cap Rate
5.15%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.65%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.90%
Average Cap Rate over previous quarter
Overview
Hardee's is an American quick service restaurant, operated by CKE Restaurant Holdings, serving up great tasting burgers. Hardee’s have over 1,800 locations in 30 states, primarily located in the Southeastern and Midwestern regions of the United States. CKE is also a subsidiary of the private equity firm, Roark Capital Group. Investors can anticipate a 20-year NNN lease with zero landlord responsibilities, with rent escalations of 10% every 5 years. Hardee’s locations are typically sized at approximately 2,500-3,500 square feet on a plot of land ranging from 0.5-1.5 acres
Property & Lease
Sales Price Range$2,000,000 - $2,750,000
NOI Range$100,000 - $150,000
Building SF2,500-3,500
Lease Term20 Years
Escalations10% Every 5 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
5.00
5.85
6.21
N/A
N/A
N/A
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Danielsville, GA7.50%
Jacksonville, FL6.56%
Bloomington, IN5.95%
Top Consumer Traffic
Stevensville, MD480,200
Rockingham, NC472,000
Newport, TN417,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
