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Hardee's 1005 Mineral Wells Ave 2,962 SF Retail Building Paris, TN 38242 $3,105,823 CAD ($1,048.56 CAD/SF) 7% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE | 1.75% FIXED ANNUAL RENTAL INCREASES
- PROMINENT CO-TENANCY
- DIVERSE ECONOMIC BASE | HEALTHCARE, MANUFACTURING & RETAIL
- STARCORP | TOP HARDEE’S FRANCHISEE GUARANTY
- PARIS CROSSING RETAIL CENTER
- EIFFEL TOWER PARK & PARIS LANDING STATE PARK | COMMUNITY & REGIONAL ANCHORS
Executive Summary
The Northmarq National Restaurant Group & CIRE Partners is pleased to offer this single-tenant Hardee’s property located at 1005 Mineral Wells Avenue in Paris, Tennessee. The asset features a franchisee-guaranteed absolute NNN lease with 9.9 years remaining and four five-year renewal options. With zero landlord responsibilities and 1.75% annual rent increases, the property offers passive, inflation-protected income and long-term stability.
Positioned along Mineral Wells Avenue, the site is surrounded by Walmart Supercenter, Lowe’s, Kroger, Dunkin’, and Dollar Tree, ensuring strong daily traffic. Just north, the planned Paris Crossing Retail Center will add 159,765 SF of retail anchored by TJ Maxx, Hobby Lobby, and Starbucks, further enhancing the corridor.
The lease is guaranteed by StarCorp, LLC, the third-largest Hardee’s/Carl’s Jr. operator with 150+ units nationwide, providing credit-backed security and operational expertise. Paris also benefits from a diverse economy led by Henry County Medical Center and major manufacturers, alongside regional draws like Eiffel Tower Park, Paris Landing State Park, and Kentucky Lake, which together attract millions of annual visitors.
This offering combines a passive lease structure, a proven franchisee guaranty, and a location within a growing retail hub, making it a compelling long-term investment.
Positioned along Mineral Wells Avenue, the site is surrounded by Walmart Supercenter, Lowe’s, Kroger, Dunkin’, and Dollar Tree, ensuring strong daily traffic. Just north, the planned Paris Crossing Retail Center will add 159,765 SF of retail anchored by TJ Maxx, Hobby Lobby, and Starbucks, further enhancing the corridor.
The lease is guaranteed by StarCorp, LLC, the third-largest Hardee’s/Carl’s Jr. operator with 150+ units nationwide, providing credit-backed security and operational expertise. Paris also benefits from a diverse economy led by Henry County Medical Center and major manufacturers, alongside regional draws like Eiffel Tower Park, Paris Landing State Park, and Kentucky Lake, which together attract millions of annual visitors.
This offering combines a passive lease structure, a proven franchisee guaranty, and a location within a growing retail hub, making it a compelling long-term investment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,962 SF
Building Class
C
Year Built
2015
Price
$3,105,823 CAD
Price Per SF
$1,048.56 CAD
Cap Rate
7%
NOI
$217,419 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.43 AC
Frontage
81’ on Mineral Wells Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 106J-A-004.00 | Improvements Assessment | $407,758 CAD |
| Land Assessment | $141,174 CAD | Total Assessment | $548,933 CAD |
Property Taxes
Parcel Number
106J-A-004.00
Land Assessment
$141,174 CAD
Improvements Assessment
$407,758 CAD
Total Assessment
$548,933 CAD
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Hardee's | 1005 Mineral Wells Ave
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