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Hardee's 201 N Rock St 3,099 SF Retail Building Sheridan, AR 72150 $2,647,732 CAD ($854.38 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Long - Term NNN Lease
- Attractive Rent Growth
- Corporate QSR Brand
- Strong Sales Reported
Executive Summary
Surmount is pleased to present the exclusive listing for a Hardee's located at 201 Rock Street, Sheridan, AR 72150. The site consists of roughly 3,099 rentable square feet of building space on an estimated 1.03-acre parcel of land. Hardee's is subject to a 20.02-year Triple Net (NNN) lease, which commenced in April 2021. The current annual rent is $110,000 and is scheduled increase to $121,000 in April. Seller to credit any difference in rent at closing.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,099 SF
Building Class
C
Year Built/Renovated
1990/2018
Price
$2,647,732 CAD
Price Per SF
$854.38 CAD
Cap Rate
6.25%
NOI
$165,483 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.03 AC
Zoning
CG
Frontage
147’ on Rock St
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 700-00041-000C | Improvements Assessment | $26,073 CAD |
| Land Assessment | $92,432 CAD | Total Assessment | $118,505 CAD |
Property Taxes
Parcel Number
700-00041-000C
Land Assessment
$92,432 CAD
Improvements Assessment
$26,073 CAD
Total Assessment
$118,505 CAD
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Hardee's | 201 N Rock St
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