Hardee's Sublease to Seasons of Toyko | 1506 Red Bank Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Hardee's Sublease to Seasons of Toyko 1506 Red Bank Rd
3,500 SF Retail Building Goose Creek, SC 29445 $1,625,000 ($464/SF) 6.88% Cap Rate
Investment Highlights
- Existing lease is backed by Hardee's Food Systems, Inc. (corporate guaranty)
- Situated near the entrance of U.S. Navel Weapons Station-Joint Base Charleston
- Over 8 years remaining on absolute NNN lease with 10% fixed rent increases every 5 years
- Located just 11 miles north of Charleston International Airport
Executive Summary
Corporate lease with Hardee's Food Systems, Inc. which operated this location as a Hardee's from 1984 to late 2023. They decided to close down this location and executed a sublease agreement with Seasons of Tokyo who operates 5 restaurant locations in South Carolina. There are over 8 years remaining on the absolute NNN lease with 10% fixed rent increases every 5 years. Next rent increase is scheduled to occur 9/2027 adjusting the CAP rate to 7.57%. (Monthly rent payments are being issued to landlord by Hardee's Food Systems, Inc.)
Property Facts Under Contract
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1988
Price
$1,625,000
Price Per SF
$464
Cap Rate
6.88%
NOI
$111,810
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Zoning
GC
Parking
53 Spaces (15.14 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 252-11-07-005 | Improvements Assessment | $76,255 |
| Land Assessment | $46,420 | Total Assessment | $122,675 |
PROPERTY TAXES
Parcel Number
252-11-07-005
Land Assessment
$46,420
Improvements Assessment
$76,255
Total Assessment
$122,675
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Hardee's Sublease to Seasons of Toyko | 1506 Red Bank Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.