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JLL is pleased to offer for sale the ground lease interest in a freestanding, single-tenant Hardee’s (the “Property” or “Asset”) located in Meridian, Mississippi. This rare corporate operating Hardee’s is subject to a triple-net lease with approximately 13.5 years of remaining lease term and zero landlord responsibilities. The Asset benefits from a strategic location with excellent visibility and accessibility along Interstate-20 (54,000 VPD), in a dense retail corridor with national retailers including Walmart, Lowe’s, Harbor Freight, Best Buy and TJ Maxx. This offering presents investors the opportunity to acquire a corporate Hardee's with zero landlord responsibilities, a below market rent and future upside through percentage rent.
- Features rare corporate operating Hardee's
- 13.5 years of primary lease term remaining
- 2021 sales have increased 10% year-to-date over 2020
- Long-term net lease structure with zero landlord responsibility
- Future upside through percentage rent
- Outparcel to Harbor Freight along major retail corridor
- Close proximity to local demand drivers
- Positioned near exit along Interstate-20 (54,000 VPD)