2002 Court Ave | Chariton, IA 50049
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- LoopNet Team
2002 Court Ave
Chariton, IA 50049
Single-Tenant Hardee's | Absolute NNN · Retail Property For Sale
Investment Highlights
- ABSOLUTE NNN LEASE – Zero landlord responsibilities provide a passive income stream
- RENT INCREASES – Lease provides for 10% rent increases every five years including each of the four 5-year renewal options
- OPTIMAL RENT-TO-SALES RATIO – Site delivers consistently strong store performance
- LEASED TO SECOND LARGEST HARDEE’S AND CARL’S JR. FRANCHISEE – Operator of TriStar Ventures, LLC oversees 260+ locations in 15 states
- DRIVE-THRU LOCATION – Recently remodeled restaurant with drive-thru provides greater store production capacity and enhanced customer experience
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,029 SF
Building Class
B
Year Built/Renovated
1977/2010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Zoning
C
PROPERTY TAXES
| Parcel Number | 0730101005 | Improvements Assessment | $348,284 |
| Land Assessment | $55,952 | Total Assessment | $404,236 |
PROPERTY TAXES
Parcel Number
0730101005
Land Assessment
$55,952
Improvements Assessment
$348,284
Total Assessment
$404,236
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