November 5, 2024 – Greg Moore of Horvath & Tremblay has successfully completed the sale of Hardee’s in Kansas City, Missouri. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,481,174.
Hardee’s is located at 5373 Bannister Road in Kansas City, Missouri. The Property consists of a 2,927 square foot building on a 0.86-acre corner parcel. Hardee’s has 12+ years remaining on their Absolute NNN Lease with four (4), 5-year renewal options. The Lease calls for attractive 10% rent increases every 5 years throughout the base lease term and renewal options. The location is operated by ARC Burger, LLC, one of the largest Hardee’s operators that with over 80 units across multiple states, including: Georgia, South Carolina, Alabama, Florida, Missouri, Kansas, Wyoming and Montana. Hardee’s is situated at the signalized intersection of Bannister Road and Marion Ridge, directly off of Interstate 435. The trade area is home to a number of major retailers that drive traffic to the area, including retail centers anchored by The Home Depot and Price Chopper on either side of the Property. The area also features a number of major industrial and business campuses that provide a robust employee base.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.