This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Hardee's - Logansport, IN 1121 E Market St

4,270 SF Retail Building Logansport, IN 46947 £1,369,288 (£321/SF) 6.29% Net Initial Yield

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities to Begin at the Close of Escrow
  • Strong Parent Level Guarantee From Midwest First Star, Inc. - a Proud Hardee’s Franchisee Operating 31 Locations in Indiana, Ohio & Etc.
  • Located 2 Blocks Off of E Broadway, the Main Thoroughfare Through Logansport
  • Strong Hedge Against Inflation With 6.5% Rent Increases Every Five (5) Year
  • New 2020 Construction With Drive-Thru
  • Limited Retail/Fast Food Competition

Executive Summary

Sands Investment Group is Pleased to Present Exclusively For Sale the 4,270 SF Hardee's Located at 1121 East Market Street in Logansport, IN. This Deal Includes a Desirable Long-Term 20-Year Absolute Triple Net (NNN) Sale Leaseback With Zero Landlord Responsibilities, Providing For a Unique Investment

In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BOR: Andrew Ackerman Lic. IN #RB20001918

Property Facts

Sale Type
Investment
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,270 SF
Building Class
C
Year Built
2020
Price
£1,369,288
Price Per SF
£321
Net Initial Yield
6.29%
NOI
£86,070
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.96 AC

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Midwest First Star, Inc.
  • Accommodation and Food Services
  • 4,270 SF
  • £21.07
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Midwest First Star, Inc. Accommodation and Food Services 4,270 SF £21.07 -

Nearby Major Retailers

Ymca
PNC Bank
Security Federal Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-17-44-436-002.000-010
Land Assessment
£68,464
Improvements Assessment
£359,927
Total Assessment
£428,391
  • Listing ID: 32636227

  • Date on Market: 31/07/2024

  • Last Updated:

  • Address: 1121 E Market St, Logansport, IN 46947

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}