HARDEE'S

INVESTMENT HIGHLIGHTS

LEASE HIGHLIGHTS

• Absolute Triple Net Lease – Zero landlord responsibilities allowing an investor to enjoy a completely passive investment. The tenant is responsible for all taxes, maintenance, insurance, and upkeep associated with the Property.
• Brand New 20-Year Lease to Commence at Close of Escrow – The tenant will sign a 20-Year lease at close of Escrow providing many years of guaranteed passive income.
• 20-Year Term – Demonstrating the tenant’s desire to commit to this location for the long term.
• Rent Increases – The lease includes 7.5% rent increases every 5 years year, providing the necessary hedges against inflation over the base term of the lease and in options.

TENANT HIGHLIGHTS

• Midwest First Star Inc. – Provides a strong parent level guarantee for a prospective purchaser. This tenant operates 30 Hardee’s locations throughout Ohio, Indiana, and Kentucky.
• Active Growth – Midwest First Star continues to be one of the most active Hardee’s franchisees in the CKE system through developing new locations and growing the overall portfolio.
• Recent Tenant Improvements – In 2018, the tenant did an extensive renovation to the Property, further demonstrating their desire to remain at this location for the long term.

LOCATION HIGHLIGHTS

• Proximity to Primary Market – The subject Property is located in a growing suburb that sits just 15 minutes outside of downtown Dayton, OH.
• Strong Traffic Counts – The subject property is strategically located along a heavily trafficked retail corridor on N Springboro Pike and is exposed to over 24,000 vehicles per day.
• Tenant’s Primary Market – The tenant has a strong presence in this market as Dayton, OH serves as Midwest First Star’s main market for operations.
• Large Lot with Drive-Thru – The subject property sits on a large 1.18-acre lot and features a drive-thru allowing consumers quick and easy access.
• Densely Populated Market – This property offers investors a property with strong demographic metrics as over 465,000 residents live within a 20-minute drive of this store.