Hardee’s Absolute NNN
For Sale
Contact for pricing
401 W Dearborn St, Havana, IL 62644
Single-tenant Hardee’s on an absolute NNN lease with a remaining primary term and renewal options.
Property Size4,164 SF
Lot Size1.37 Acres
Days on Market122
Property Features for 401 W Dearborn St
General Information
Standard status
Active
Size
4,164 SF
Lot size
1.37 Acres
Property subtype
Retail
Building Details
Year Built
1986
Listing Agency:
CBRE - Atlanta
(404) 504-7893
Listed By:
Chris Bosworth · License #GA 248342
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Atlanta
Investment Insights
Based on property information with market context.
CBRE is pleased to offer for sale a 4,164-square-foot Hardee’s restaurant built in 1986 on 1.37 acres. The property is leased under an absolute NNN structure, with approximately 9.3 years remaining in the primary term and four additional 5-year renewal options. Rent increases annually by the lesser of 1.75% or 1.25 times the CPI increase.
The tenant is TriStar Ventures, LLC, with a guaranty provided by LBE Holdings, LLC, River Valley Restaurants, LLC, and North Star Foods, LLC. These entities are described as subsidiaries with substantial ownership interests tied to Capstone Restaurant Group, which operates 270+ locations in 16 states. The Hardee’s has operated at the site for 37 years.
The restaurant is positioned less than a mile from downtown Havana on two hard corners with signalized intersections at the confluence of West Dearborn Street, South Water Street, and South Schrader Street. It is also described as immediately across from Havana Super Wash, Subway, Thornton’s, and Armitage Automotive Service.
The tenant is TriStar Ventures, LLC, with a guaranty provided by LBE Holdings, LLC, River Valley Restaurants, LLC, and North Star Foods, LLC. These entities are described as subsidiaries with substantial ownership interests tied to Capstone Restaurant Group, which operates 270+ locations in 16 states. The Hardee’s has operated at the site for 37 years.
The restaurant is positioned less than a mile from downtown Havana on two hard corners with signalized intersections at the confluence of West Dearborn Street, South Water Street, and South Schrader Street. It is also described as immediately across from Havana Super Wash, Subway, Thornton’s, and Armitage Automotive Service.
Key Highlights
- 4,164 SF Hardee’s on 1.37 acres in Havana, IL, on an absolute NNN lease with 4+5‑year renewal options
- Lease has ±3.3 years of primary term remaining with rent increases of the lesser of 1.75% or 1.25x CPI
- Tenant is TriStar Ventures, LLC, with a lease guaranty from LBE Holdings, LLC and other named guarantors
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 42%
Home Improvements & Furnishings 5%
McDonald's
Dining
15,972 visits/mo
0.4 miles
Havana
Shops & Services
11,904 visits/mo
0.1 miles
Thorntons
Shops & Services
8,822 visits/mo
0.1 miles
Circle K
Shops & Services
7,789 visits/mo
0.5 miles
Hardee's
Dining
6,559 visits/mo
0.1 miles
Demographics for 62644, IL
4,690
Population
2,438
Households
1.9
Avg Household Size
47
Median Age
20%
College-Educated
92%
High-School Grad
96.6 sq mi
ZIP Area
49
Density / Sq Mi
$57,076
Median Household Income
$35,324
Median Earnings
$730
Median Rent
$104,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant Hardee’s on an absolute NNN lease with a remaining primary term and renewal options.
Where is this nnn property located?
The property is located at 401 W Dearborn St Havana, IL.
What are key features of this property?
This property features: 4,164 SF Hardee’s on 1.37 acres in Havana, IL, on an absolute NNN lease with 4+5‑year renewal options; Lease has ±3.3 years of primary term remaining with rent increases of the lesser of 1.75% or 1.25x CPI; Tenant is TriStar Ventures, LLC, with a lease guaranty from LBE Holdings, LLC and other named guarantors
