Hardee's NNN Lease
505 2nd Ave, Sheldon, IA 51201
Long-term NNN lease with rent escalations in Sheldon, Iowa.
Type:Retail
Property size:
3,434 SFLot size:
0.82 AcresPrice / SF:
$211/SF- Added:
- Mar 3, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 1:44 pm
Property Features for 505 2nd Ave
General Information
- Standard status
- Active
- Size
- 3,434 SF
- Lot size
- 0.82 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing agent Matt Hazelton License #MN 40449423
Listing office JLL - Minneapolis, Minnesota
Listing date Mar 3, 2026
Source Crexi
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 JLL - Minneapolis, Minnesota
HighLights
- Long‑term absolute NNN lease extending through August 2040, providing passive income.
- Well‑capitalized franchisee (Superior Star LLC, operating 93+ Hardee's locations) guarantees lease obligations.
- Strategic location at Highway 18 and 320th Street, capturing traffic from local residents and travelers.
- Built‑in rent escalations every five years, ensuring increasing income.
- Minimal direct competition from national fast‑food brands in Sheldon, IA.
- Four additional renewal options that could extend the tenancy through 2060.
Overview
The property at 505 2nd Ave in Sheldon, IA, is a 3,434 SF Hardee's quick-service restaurant situated on 0.82 acres. It is secured by a long-term absolute NNN lease extending through August 2040. The lease structure provides a passive ownership experience, with Superior Star LLC, a franchisee operating over 93 Hardee's locations across 11 states, managing all operational aspects and property expenses. The lease includes rent escalations every five years, with a current annual income of $50,871, and four additional renewal options that could extend the tenancy through 2060. The property benefits from its location at Highway 18 and 320th Street, capturing traffic from local residents and travelers. The surrounding area includes businesses such as Casey's General Store and Subway, with Sheldon Public Schools and Sheldon City Park nearby. Sheldon is the largest city in O'Brien County and maintains economic stability through agriculture, manufacturing, and regional services.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Sheldon
- County
- O'Brien
- State
- Iowa
- Longitude
- -95.854341
- Latitude
- 43.185349
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Long-term NNN lease with rent escalations in Sheldon, Iowa.
Where is this drive through restaurant located?
The property is located at 505 2nd Ave Sheldon, IA.
What is the asking price?
The asking price for this property is $727,000.
What are key features of this property?
This property features: Long‑term absolute NNN lease extending through August 2040, providing passive income.; Well‑capitalized franchisee (Superior Star LLC, operating 93+ Hardee's locations) guarantees lease obligations.; Strategic location at Highway 18 and 320th Street, capturing traffic from local residents and travelers.
