Hardee’s

4945 S Emerson Avenue, Indianapolis, IN
Deal Type:
Net Lease
Price:
$915,600
Cap Rate:
5.00%
Current Rent:
$45,780
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Renewal Options:
Two, 5-year
Building Sq. Ft.:
3,286 SF
Rent Increases:
20% Per Option
Site Size:
0.84 Acres
  • hardee's stream capital partners
  • hardee's stream capital partners
  • hardee's stream capital partners
  • hardee's stream capital partners

Investment Highlights

  • Below market rent
  • Corporate tenant with over 3,800 restaurants across the world
  • Rare rental increases of 20% in each of the remaining two, five-year options
  • 35-year historical tenancy at the site
  • Signalized hard corner location with exposure to 56,800 VPD at the intersection
  • 1/2 mile south of full interchange access to I-465 (117,000 VPD)
  • Retailers in the area include Walmart, Lowe’s, Kroger, Chipotle, McDonald’s, Starbucks, Sherwin Williams, and others
  • Average household incomes of $84,000 within 3 miles of the site

Listing Agents

Graham Gold

Vice President
203 610 1541
Phil@stream-cp.com

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | A Licensed Indiana Broker #RC51900187

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