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2002 Court Ave
Chariton, IA 50049

Single-Tenant Hardee's | Absolute NNN · Retail Property For Sale

Investment Highlights

  • ABSOLUTE NNN LEASE – Zero landlord responsibilities provide a passive income stream
  • RENT INCREASES – Lease provides for 10% rent increases every five years including each of the four 5-year renewal options
  • OPTIMAL RENT-TO-SALES RATIO – Site delivers consistently strong store performance
  • LEASED TO SECOND LARGEST HARDEE’S AND CARL’S JR. FRANCHISEE – Operator of TriStar Ventures, LLC oversees 260+ locations in 15 states
  • DRIVE-THRU LOCATION – Recently remodeled restaurant with drive-thru provides greater store production capacity and enhanced customer experience

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
4,029 SF
Building Class
B
Year Built/Renovated
1977/2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Zoning
C

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0730101005
Land Assessment
$79,633
Improvements Assessment
$495,692
Total Assessment
$575,325
  • Listing ID: 26629267

  • Date on Market: 2022-09-14

  • Last Updated:

  • Address: 2002 Court Ave, Chariton, IA 50049

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