Hardee`s - EXP Realty Advisors

Hardee’s
High Volume Store
102 Highway 28 Bypass – Anderson, SC 29624
Price: $2,368,887 | NOI: $125,551 | CAP: 5.30%

Robert P. James
President
Phone: (212) 686-0072
Email: rob@exp1031.com
Aron Holewinski
Associate Director of Sales
Phone: (212) 972-7457
E-mail: aron@exp1031.com
www.exp1031.com






Corporate Guarantee by Hardee’s Restaurants LLC
Sales exceed Hardee’s Average Unit Volume by over 68%
Absolute Triple Net Lease with 18 years of remaining lease term
Rent to Sales Ratio of 6.47%
10% rent escalations every 5 years
Located along major retail corridor of Anderson, South Carolina
Population growth of 6.91% (2010-2014) and projected 4.13% (2014-2019)
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
Hardee’sValley Ranch
Whisper
Property Line
Investment
Overview
Map
PROPERTY OVERVIEW:
EXP Realty Advisors, Inc. presents for sale this corporate, high volume restaurant, which has over 18 years of remaining
lease term and 10% rent bumps every five years. The rent to sales ratio is low at 6.47% and sales are 68% above
average unit volume for the chain. On September 5, 2017, the rent escalates to 133,706, making this a 5.70% cap. The
lease is guaranteed by Hardee’s Restaurants, LLC, a subsidiary of CKE Restaurants Holdings Inc. The location is a top
performer for Hardee’s with strong store sales.
The property is strategically located at a hard-corner, signalized intersection, adjacent to Walgreen’s and across from
CVS, and between Bi-Lo and Quality Foods. Other nearby retailers include Arby’s, Advanced Auto Parts, Burger King,
Dollar General, Exxon, Family Dollar, Fred’s Super Dollar Store, Goodwill, Lowe’s, McDonald’s, Pizza Hut, O’Reilly Auto
Parts, Ryan’s, TD Bank, Subway, and Taco Bell. The restaurant is less than a mile on Highway 28 from the Watson
Village Shopping Center in Homeland Park, with tenants including Suntrust Bank, Rent-A-Center, H&R Block, and ACE
Hardware.
LOCATION OVERVIEW:
The restaurant sits at the intersection of Highway 128 and South Main Street, which connects Highway 128 to U.S.
Route 29. South Carolina Highway 128, is a primary state highway, which runs east-west from Georgia to South
Carolina. U.S. Route 29 is a north-south US highway that runs from Florida to Maryland.
Anderson’s economy revolves around manufacturing, with over 230 manufacturers in such industries as automotive
products, metal products, industrial machinery, publishing, and plastics. BMW has a substantial presence in the
Upstate region, with an assembly plant 45 miles away in Spartanburg, PA.
LEASE SUMMARY:
Remaining Lease Term:
Current Rent:
Escalations:
Expiration Date:
Options:
Lease Type:
INVESTMENT SUMMARY
Price:
$2,368,887
CAP Rate:
5.30%
Sales:
68% above average
NNN Rent:
$125,551
Rent to Sales: 6.47%
Escalations:
10% every 5 years
(in base term & options)
Bld. Sq Ft:
3,183 sf
Land Size:
1.53 acres
Lease Type:
Absolute Triple Net
18 Years
$125,551
10% every 5 years in base term & options
September 2032
Four, (5) year options
Absolute Triple Net Lease
TENANT OVERVIEW: HARDEE’S RESTAURANTS, LLC
Hardee’s Restaurant LLC is a wholly owned subsidiary of CKE Restaurants, the owner of the Hardee’s and Carl’s Jr
brands. Hardee’s predominantly operates in the South and Midwest states. Along with its sibling restaurant chain,
Carl’s Jr., Hardee’s is the 5th largest fast-food restaurant chain in the United States after Subway, McDonald’s, Burger
King and Wendy’s.
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
INVESTMENT OVERVIEW
Hardee’sValley Ranch
Whisper
AerialHistory
Property
Area
Line Map
AERIAL
Hardee’sValley Ranch
Whisper
AerialHistory
Property
Area
Line Map
AERIAL
Hardee’sValley Ranch
Whisper
Location Line
Map Map
Property
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
LOCATION MAP
Hardee’sValley Ranch
Whisper
Demographic
Property
Line Data
Map
Radius
Population:
2019 Projection
2014 Estimate
2010 Census
Growth 2014-2019
Growth 2010-2014
2014 Population Hispanic Origin
2014 Population by Race:
White
Black
Am. Indian & Alaskan
Asian
Hawaiian & Pacific Island
Other
Households:
2019 Projection
2014 Estimate
2010 Census
Growth 2014 - 2019
Growth 2010 - 2014
Owner Occupied
Renter Occupied
2014 Avg Household Income
2014 Med Household Income
3 Miles
5 Mile
10 Mile
28,156
27,039
25,291
4.13%
6.91%
58,306
56,556
54,660
3.09%
3.47%
112,932
109,716
106,573
2.93%
2.95%
1,272
2,387
3,738
14,068
12,278
99
94
18
483
36,158
18,843
186
391
25
953
81,896
24,800
325
1,048
40
1,606
11,323
10,866
10,143
4.21%
1.77%
5,540
5,326
$33,401
$23,089
23,384
22,673
21,903
3.14%
0.93%
13,088
9,585
$42,642
$31,128
44,998
43,701
42,442
2.97%
0.92%
29,236
14,465
$52,555
$36,399
5,881
2,820
1,209
512
230
120
53
40
9,514
6,715
3,136
1,514
921
446
207
220
15,434
12,398
6,732
3,811
2,306
1,178
818
1,024
EXP Realty Advisors
118 East 28th Street
Suite #901
New York, NY 10016
Phone: (212) 972-7457
Fax: (212) 686-0078
www.exp1031.com
Our Team
2014 Households by Household Inc:
<$25,000
$25,000 - $50,000
$50,000 - $75,000
$75,000 - $100,000
$100,000 - $125,000
$125,000 - $150,000
$150,000 - $200,000
$200,000+
Contact Us
Robert P. James
President
Phone: (212) 686-0072
Email: rob@exp1031.com
Aron Holewinski
Associate Director of Sales
Phone: (212) 972-7457
E-mail: aron@exp1031.com
This information has been obtained from sources deemed reliable, however EXP Realty Advisors, Inc. does not guarantee, warranty or represent its accuracy.
It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.
DEMOGRAPHIC DATA