Hardee’s

Purchase Price$1,800,000
Annual Rental Income$132,300
Cap Rate7.35%
Lease Term19 Years
CityBeckley
Tenant: Hardee’s
Sector: Fast Food / QSR
State: West Virginia

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Hardee’s – Single Tenant Net Lease Investment
Beckley, WV MSA | Freestanding QSR | Absolute NNN Lease | Passive Income

This listing features a freestanding Hardee’s restaurant in the Beckley, West Virginia metropolitan area. The property benefits from a long-term absolute triple-net (NNN) lease, scheduled rent escalations every five years, and zero landlord responsibilities—offering fully passive income ideal for investors seeking net lease investment propertiesNNN properties for salesingle tenant net lease, or fast food NNN lease investments.

Located on a prominent commercial corridor with strong vehicle counts and corner visibility, this site is positioned near retail anchors, healthcare facilities, schools, and residential neighborhoods. It caters to investors searching for net lease real estate investmentsNNN opportunities, or looking to buy NNN property, particularly those targeting secondary markets under $2 million.

Investment Highlights

  • Single-tenant net lease with national QSR brand
  • Absolute NNN lease structure—tenant handles all expenses
  • Long-term lease with multiple five‑year renewal options
  • Scheduled rent increases every five years
  • Freestanding dual-lane drive-thru prototype
  • Situated on a high-traffic corridor in the Beckley MSA
  • Perfect for 1031 exchange NNN buyers
  • Well-suited for those seeking triple net properties under $2 million

This opportunity aligns with NNN investment property listings and meets high intent in buy NNN property searches.

Tenant Overview

Hardee’s, part of the CKE Restaurants portfolio, has established a strong presence in value-driven QSR and excels in breakfast, sandwich, and drive-thru offerings. The brand maintains customer loyalty through digital ordering and delivery integration. The layout and franchise model consistently support strong unit performance in suburban and secondary markets.

This location is leased on an absolute NNN basis. With this structure, the tenant is responsible for property taxes, insurance, maintenance, roof, HVAC, parking lot, and related site obligations. This ensures a reliable, fully passive cash flow structure. Rent escalations every five years provide an inflation-hedged income stream.

Lease Summary

  • Lease Type: Absolute triple-net (NNN)
  • Initial Term: 15–20 years
  • Renewal Options: Multiple five-year extensions
  • Escalations: Tenant pays fixed increases every five years
  • Landlord Responsibility: None

This structure appeals to investors targeting long term NNN lease investmentssingle tenant NNN retail properties, or net lease opportunities with minimal oversight.

Location Overview – Beckley, WV MSA

Beckley serves as a regional hub in southern West Virginia, with the economy anchored by healthcare, coal-mining heritage, retail, education, and tourism. The area draws consumer traffic from surrounding counties and supports a mid-sized population with ongoing infrastructure investment.

Key demand drivers include regional hospitals, community colleges, retail centers, and tourism tied to nearby outdoor recreation. Daytime traffic is steady, driven by employees, students, residents, and visitors. The site’s location enhances visibility and accessibility from main thoroughfares.

Site Attributes

  • Freestanding dual-lane drive-thru designed for high-volume traffic
  • High-visibility signage and ample parking
  • Positioned on a signalized commercial corridor
  • Located within reach of grocery stores, pharmacies, auto services, schools, and medical centers
  • Layout supports both drive-thru and dine-in volume

This type of fast food NNN lease investment is attractive due to its operational efficiency and long-term QSR viability.

Trade-Area Demographics

Within a five-mile radius:

  • Population base approaching 50,000 with modest growth
  • Daytime population supported by regional employers and educational institutions
  • Household income levels aligned with quick-service dining demand
  • Visitor traffic from nearby state park tourism

The area’s demographic mix supports consistent drive-thru sales, making it ideal for single tenant net lease strategies.

Rent Growth & Cash Flow

The lease includes fixed rent escalations every five years, steadily increasing net operating income over time. With no landlord costs, ownership benefits from true passive income—perfect for investors eyeing 1031 exchange NNN propertiesnet lease investment properties, or NNN real estate investments.

Ideal Buyer Profiles

  • Investors seeking NNN deals for sale with stable tenant credit
  • 1031 exchange buyers looking for low-maintenance income properties
  • Buyers focused on fast food NNN lease investments in emerging regional markets
  • Private capital or family offices building long term NNN lease portfolios
  • Investors targeting Southeast or Midwest NNN investment opportunities now

This asset aligns with searches like “best net lease properties for 1031 exchange” and “fast food NNN lease investments.”

Conclusion

This Hardee’s in the Beckley MSA offers a competitive passive income opportunity with strong tenant backing, zero landlord obligations, scheduled rent increases, and long-term NNN lease structure. Located in a regional economic center, it delivers predictable cash flow, value appreciation potential, and minimal management.

Whether adding to a passive portfolio, completing a 1031 exchange, or acquiring a turnkey net lease real estate investment, this property represents a best-in-class option for investors focused on NNN opportunities in underserved secondary markets.

Property details provided on this site are for general informational and illustrative purposes only. Specific availability and property status may change without notice. Please contact us to confirm current opportunities.