| Purchase Price | $1,875,000 |
|---|---|
| Annual Rental Income | $135,000 |
| Cap Rate | 7.20% |
| Lease Term | 20 Years |
| City | Meridian |
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Hardee’s – Absolute NNN Investment Offering
Meridian, Mississippi MSA | Regional Trade & Healthcare Hub | Passive Income | Freestanding Drive-Thru QSR
This opportunity features a single-tenant Hardee’s restaurant situated in the Meridian, Mississippi metropolitan area, leased on a long-term absolute triple-net (NNN) basis. The property provides a reliable, fully passive income stream with no landlord responsibilities, contractual rent escalations every five years, and the security of a long-standing national brand. Strategically located on a high-traffic arterial corridor within a dense trade area, this freestanding drive-thru site is ideally positioned to serve a stable population base supported by healthcare, military, education, and manufacturing sectors.
With its drive-thru layout, inflation-protected lease structure, and national tenant, this investment is well-suited for 1031 exchange buyers, private investors, family offices, and institutional funds seeking predictable yield and low-risk passive income in a durable Southern market.
Tenant Overview – Hardee’s
Hardee’s is a veteran brand in the QSR industry, operated under CKE Restaurants, which also owns Carl’s Jr. The company has maintained decades of consistent performance by focusing on breakfast leadership, charbroiled burgers, biscuit innovation, and drive-thru efficiency. The brand has continued modernizing its stores and expanding drive-thru, mobile ordering, and third-party delivery partnerships to meet evolving customer habits.
The subject location is operated under a long-term absolute NNN lease, which places full responsibility for all real estate expenses—taxes, insurance, maintenance, HVAC, roof, parking lot, and structure—on the tenant. The lease includes fixed rent increases every five years and multiple renewal options, ensuring long-term stability and growth with zero operational involvement from the property owner.
Lease Overview
This structure offers fully passive, predictable cash flow ideal for yield-focused investors seeking simplicity, scalability, and income protection from inflation.
Market Overview – Meridian, Mississippi MSA
Meridian functions as the principal commercial, medical, and cultural center for East Mississippi. Serving a population that stretches across multiple counties and into neighboring Alabama, the city benefits from a diversified economic foundation. The metro is supported by healthcare networks, military presence, education institutions, logistics infrastructure, and government services.
Key market drivers include:
These demand generators provide Meridian with a steady stream of consumer activity and sustained retail traffic. Residents and visitors alike seek fast, affordable dining solutions, making the market attractive to value-oriented QSR tenants like Hardee’s.
Location Features – Freestanding QSR on Retail Corridor
The Hardee’s site is positioned along one of the city’s busiest commercial corridors. With exposure to tens of thousands of vehicles daily, the property benefits from strong visibility, easy access, and convenient ingress/egress. The location is surrounded by complementary national retailers and regional service providers, enhancing customer frequency and brand recognition.
Property highlights include:
This configuration supports high-volume throughput and customer retention throughout all key dayparts, particularly morning and lunch hours.
Demographic Profile – Stable Trade Area and Regional Reach
Within a five-mile radius of the subject property, the area includes a mix of households, professionals, healthcare workers, students, and retirees. Meridian’s role as a service center ensures that both weekday and weekend traffic is consistently strong.
Key demographics and demand indicators include:
The mix of commuter traffic, institutional employment, and housing stability creates a diverse and resilient customer base for Hardee’s core offerings.
Rent Growth & Inflation Protection
Built-in rent escalations every five years provide stable, inflation-protected income growth. Unlike gross leases or modified net leases, this absolute NNN structure ensures the landlord incurs no maintenance or property-related costs. Over time, the rent bumps compound net operating income (NOI) and enhance the asset’s resale value.
This rent growth model is especially attractive in high-inflation or uncertain interest rate environments, offering owners contractual protection and financial clarity.
Investment Highlights
Why Meridian?
Meridian offers a compelling combination of location advantages and economic stability:
The region continues to receive capital investment and support from both state and federal economic development programs, enhancing its long-term viability for retail operations.
Ideal Buyer Profile
This property is an excellent fit for:
The lease format, tenant strength, location visibility, and inflation protection position this Hardee’s as a long-hold asset capable of delivering consistent performance in both stable and fluctuating market cycles.
Conclusion
This Hardee’s net lease offering in Meridian, Mississippi combines the stability of a long-term absolute NNN lease with the strategic benefits of a strong tenant and an economically anchored secondary metro. With predictable income, contractual rent growth, zero landlord duties, and regional retail demand drivers, the property is a prime target for investors focused on long-term wealth preservation and passive cash flow.
Opportunities to acquire brand-name QSR assets on absolute NNN leases in resilient markets like Meridian are increasingly scarce. Investors seeking low-risk, high-certainty income in a supply-constrained asset class should move swiftly to evaluate this offering.
To receive detailed lease information, rent schedule, financials, and market analysis, contact the offering team directly.