Hardee's - Logansport, IN | 1121 E Market St
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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
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
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
PROPERTY TAXES
Parcel Number | 09-17-44-436-002.000-010 | Improvements Assessment | £359,927 |
Land Assessment | £68,464 | Total Assessment | £428,391 |
PROPERTY TAXES
Parcel Number
09-17-44-436-002.000-010
Land Assessment
£68,464
Improvements Assessment
£359,927
Total Assessment
£428,391
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Hardee's - Logansport, IN | 1121 E Market St
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