300 Cumberland St | Bogalusa, LA 70427
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- LoopNet Team
300 Cumberland St
Bogalusa, LA 70427
Corporate Hardee's | 10-Year NNN · Retail Property For Sale
Investment Highlights
- Rare Corporate Guaranteed Lease – CKE Restaurants, Inc has over 3,800 franchised and company-operated restaurants in 44 states w/ $1.28B annualrevenue
- Recent Lease Extension – Hardee’s signed a new 10-year lease, which commenced in March of 2022 leaving approximately ten years remaining on firm term
- Store Slated for Upgrade to Newest Prototype- Hardee’s Corporate is investing over $350,000 to fully upgrade interior and exterior
- Attractive Rent Increases – lease features 10% rent increases every 5 years in the primary term and options, providing a hedge against inflation
- Extremely Strong Store Sales - Healthy rent to sales ratio with sales significantly above national average. Please contact Broker for more details
- 40+ Years Operating History – Hardee’s has exuded their further commitment to the site by extending their lease for an additional 10 years
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,570 SF
Building Class
B
Year Built/Renovated
1977/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.63 AC
Zoning
C
Frontage
100 ft on Cumberland
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 844-0021850 | Improvements Assessment | $107,383 |
| Land Assessment | $24,907 | Total Assessment | $132,290 |
PROPERTY TAXES
Parcel Number
844-0021850
Land Assessment
$24,907
Improvements Assessment
$107,383
Total Assessment
$132,290
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