HARDEE’S - COLUMBUS, OH JAMES CAPITAL ADVISORS, INC. JAMES CAPITAL ADVISORS MARKETING PACKAGE 3444 S. High St Columbus, OH 43207 CONTENTS PAGE Investment Summary 03 Lease Summary 04 Investment Highlights 05 Rent Schedule 06 Retail Aerials 07 Site Plan 09 About the Brand 10 Location Overview 11 CONTACT INFORMATION Richard Brehaut Vice President, Net Lease (424) 325-2608
[email protected] 02 HARDEE’S - COLUMBUS, OH INVESTMENT SUMMARY Tenant Hardee’s $2,256,637 Street Address 3444 S. High St PURCHASE PRICE $2.2M City Columbus 5.65% State OH CAP RATE 5.65% Zip 43207 $127,500 GLA 2,351 SF NET OPERATING INCOME$127K Lot Size 0.60 AC Price / SF $959.86 Year Built 2017 Rent / SF $54.23 Long-Term Absolute Net (NNN) Lease In August 2019, Hardee’s signed a long-term 20-Year Absolute Net lease with ten, five-year options. Brand New Construction The building was constructed in 2017 and features Hardee’s latest prototype. Attractive Rental Increases to Hedge Against Inflation The lease will feature 10% increases every 5 years, including options, giving the landlord the benefit of compounding rent growth throughout the base term and option periods. Corporate Guarantee from Premier Hardee’s Franchisee StarCorp, LLC is one of the fastest-growing franchisee’s in the CKE System with 135+ Units Nationwide. 03 3444 S. High St, Columbus, OH 43207 HARDEE’S - COLUMBUS, OH LEASE SUMMARY Lease Type Absolute Net (NNN) Real Estate Taxes Tenant Responsible Type of Ownership Fee Simple Insurance Tenant Responsible Original Lease Term 20 Years Roof & Structure Tenant Responsible Commencement Date 8/5/2019 Lease Guarantor Franchisee Lease Expiration 8/31/2039 Company Name StarCorp Term Remaining 19.84 Years Ownership Private Increases 10% Every Five Years Number of Locations 135+ Options Ten (10), Five-Year Decades of Successful Operating History Founded in 1960, Hardee’s was acquired in 1997 by CKE Restaurants Holdings, Inc., the parent company of Carl’s Jr.