Hardee's Absolute NNN Lease 1710 Westridge Rd 2,966 SF 100% Leased Retail Building New Ulm, MN 56073 $1,918,361 CAD ($646.78 CAD/SF) 7% Cap Rate

Jones Lang LaSalle Americas, Inc. ("JLL"), is pleased to exclusively offer for sale the fee-simple interest in Hardee's located at 1710 Westridge Rd, New Ulm, MN 56073. This 2,966 SF quick-service restaurant sits on 1.17 acres and is secured by a long-term absolute NNN lease extending through August 2038.
This investment opportunity offers investors a truly passive ownership experience through its absolute NNN lease structure, where Superior Star LLC, a well-established operator with 93+ Hardee's locations across 11 states, handles all operational aspects and property expenses. The lease provides built-in rent escalations every five years, with current annual income of $98,439 and four additional renewal options that could extend the tenancy through 2058.
New Ulm represents an attractive market for quick-service restaurants, with Hardee's enjoying prime positioning adjacent to a Walmart Supercenter on Westridge Road, a frontage road to Highway 14. The restaurant benefits from exceptional highway visibility along US Highway 14, the primary east-west thoroughfare traveling through New Ulm, with approximately 5,000 vehicles per day and unobstructed sightlines that maximize exposure and customer accessibility. Walmart serves as one of the strongest daily-needs anchors in the market, driving consistent consumer traffic and cross-shopping opportunities.
As a city of approximately 14,000 residents and the county seat of Brown County, New Ulm maintains economic stability through its diversified base of manufacturing, healthcare, agriculture, and tourism sectors. The community's strategic location along the newly-expanded four-lane Highway 14 provides excellent connectivity to broader regional markets.
Please refer to the OM for more information on this investment opportunity.