505 2nd Ave 3,434 SF Retail Building Sheldon, IA 51201 $992,457 CAD ($289.01 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 505 2nd Ave in Sheldon, IA. This 3,434 SF quick-service restaurant sits on 0.82 acres and is secured by a long-term absolute NNN lease extending through August 2040.
This investment opportunity offers investors a truly passive ownership experience through its absolute NNN lease structure, where Superior Star LLC, a well-capitalized franchisee operating 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 $50,871 and four additional renewal options that could extend the tenancy through 2060.
Sheldon represents an attractive market for quick-service restaurants, with Hardee's enjoying minimal direct competition from national fast-food brands in this community of approximately 5,200 residents. The restaurant benefits from its strategic positioning at Highway 18 and 320th Street, capturing traffic from both local residents and travelers along the primary east-west corridor. The surrounding area features complementary businesses including Casey's General Store and Subway, while the proximity to Sheldon Public Schools and Sheldon City Park generates consistent customer flow throughout the day.
As the largest city in O'Brien County, Sheldon maintains economic stability through its diversified base of agriculture, manufacturing, and regional services. The community's strategic location provides businesses with access to larger markets while benefiting from lower operational costs and a stable workforce.
Please refer to the OM for more information on this investment opportunity.