Average Sale and Lease Details

Price Range 12mo avg: $1.23M – $3M
$/sf 12mo avg: $620
CAP Rate 12mo avg: 5%
NOI average: $115040
Lease Terms: 20yrs
Typical Lease Type: NNN
Building Size avg: 3400 SF
Lot Size avg: 1+/- acres

About Hardee’s

Wilber Hardee opened his first namesake restaurant in Greenville, North Carolina in 1960. Five months later he had his first franchisee and over the years his burger chain has spread to become a favorite throughout the Midwestern and Southeastern United States.

Hardee’s® has built a position as one of America’s premier burger brands. Established in 1961, Hardee’s® operates or franchises more than 1,900 quick-service restaurants in 30 U.S. states and nine countries. Today, Hardee’s® is looking for exceptional new franchise candidates throughout the Mid-Western and Eastern United States.Hardee’s® consistently out-delivers the competition with an innovative menu strategy that focuses on developing premium, sit-down restaurant quality menu items. Whether it’s the 1/3-lb. 100% Black Angus Beef Thickburger® line, Hand-Scooped Ice Cream Shakes & Malts™ or Made from Scratch™ Biscuits, Hardee’s® provides a best-in-class menu that supports a premium franchise opportunity.

Hardee’s® is a wholly-owned subsidiary of CKE Restaurants, Inc., a publicly traded company listed on the New York Stock Exchange (ticker symbol:CKR). Through its subsidiaries, CKE franchises and operates Hardee’s® and Carl’s Jr.® quick-service restaurants. The CKE System includes more than 3,100 locations in 42 states and 13 countries.


Annual Reports

Hardee’s Financial Highlights

S&P Credit Rating: Privately Held Company
Moody’s Credit Rating: Privately Held Company
Annual Revenue : Privately Held Company
Annual Revenue : Privately Held Company
Revenue Growth: Privately Held Company
Net Income Privately Held Company$B
Units (Jan. )
Average Units Volume: Privately Held Company$K

Recent Closings for Hardee’s and Similar Tenants

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KW Net Lease Advisors