Hardee's NNN Property For Sale — Paris, TN
1005 Mineral Wells Ave, Paris, TN 38242
This single-tenant Hardee's property offers an exceptional investment opportunity with a franchisee-guaranteed absolute NNN lease. The lease has 9.9 years remaining and includes four five-year renewal options, providing long-term stability and passive income. Investors will benefit from zero landlord responsibilities and attractive 1.75% annual rent increases, ensuring inflation-protected returns. Situated on Mineral Wells Avenue, the property benefits from high daily traffic and strong co-tenancy with major retailers such as Walmart Supercenter, Lowe's, and Kroger. The area is also set for further growth with the development of the Paris Crossing Retail Center, which will feature prominent anchors like TJ Maxx, Hobby Lobby, and Starbucks. The lease is backed by StarCorp, LLC, a robust fr…
- Address: 1005 Mineral Wells Ave, Paris, TN 38242
- Asking price $2.27M
- 7.00% cap rate
- NOI $158,840
- 9.9 years remaining
- NNN lease
- Year built: 2015
- Building size: 2,962 SF
- Lot size: 0.43 acres
- Rent increases: 1.75% fixed annual rental increases
- Guarantor: Corporate
Location
This Hardee's property is at 1005 Mineral Wells Ave in Paris, Tennessee.
Asset type: Retail