Hardee’s has a brand new 15 year Absolute NNN lease with 7.5% rental escalations every 5 years and three 5 year renewal options. The tenant, Westar Foods, Inc., owns and operates 36 Hardee’s locations in Iowa & Nebraska. The entity on the lease encompasses all restaurant locations. This is a seasoned sales location with above average sales! Hardee’s has been successfully open an operating for decades at this location with an attractive 7.50% rent-to-sales ratio. This subject location is slated from remodel by year end 2020 to the latest Hardee’s approved prototype.
Hardee’s is located in Mount Pleasant, Iowa, just off the hard corner with high drive-by visibility. The property is just 1 mile from Henry County Health Center and Iowa Wesleyan University, a private 4-year, coeducational, church-related liberal arts university offering over 40 majors & programs. Nearby retailers include Walmart Supercenter, Hy-Vee, Orscheln Farm & Home, ALDI, True Value Rental, Dollar General, Advance Auto Parts, Peebles, Anytime Fitness, O’Reilly Auto Parts, etc.
*In Association With: Elliott Realty Group