Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Property Description

JLL is pleased to offer for sale the ground lease interest in a freestanding, single-tenant Hardee’s (the “Property” or “Asset”) located in Meridian, Mississippi.​ This rare corporate operating Hardee’s is subject to a triple-net lease with approximately 13.5 years of remaining lease term and zero landlord responsibilities.​ The Asset benefits from a strategic location with excellent visibility and accessibility along Interstate-20 (54,000 VPD), in a dense retail corridor with national retailers including Walmart, Lowe’s, Harbor Freight, Best Buy and TJ Maxx.​ This offering presents investors the opportunity to acquire a corporate Hardee's with zero landlord responsibilities, a below market rent and future upside through percentage rent.

Investment Highlights

  • ​Features rare corporate operating Hardee's
  • ​13.5 years of primary lease term remaining
  • 2021 sales have increased 10% year-to-date over 2020
  • ​Long-term net lease structure with zero landlord responsibility
  • ​Future upside through percentage rent
  • ​Outparcel to Harbor Freight along major retail corridor
  • ​Close proximity to local demand drivers
  • ​Positioned near exit along Interstate-20 (54,000 VPD)
Last Updated Date: 30 Sep 2021
Caroline Binning
Caroline Binning
Director, Capital Markets
License details
TX - 601565
Barry Brown
Barry Brown
Senior Managing Director, Retail Group Leader
License details
AL-000066272-0 CO-EA.100005864 MS-B17703 OK-140058 TX-0267878

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Last Updated Date: 30 Sep 2021

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