Hardee's NNN Lease
For Sale
Contact for pricing
505 2nd Ave, Sheldon, IA 51201
Long-term NNN lease with rent escalations in Sheldon, Iowa.
Property Size3,434 SF
Lot Size0.82 Acres
Price / SF$211.71
Days on Market162
Property Features for 505 2nd Ave
General Information
Standard status
Active
Size
3,434 SF
Lot size
0.82 Acres
Property subtype
Retail
Zoning
AC
Building Details
Year Built
1982
Listing Agency:
JLL - Minneapolis, Minnesota
Listed By:
Matt Hazelton · License #MN 40449423
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 8 at 2:42PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Explore this area
Business Placement
Demographics for 51201, IA
6,408
Population
2,776
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
115.7 sq mi
ZIP Area
55
Density / Sq Mi
$70,592
Median Household Income
$40,182
Median Earnings
$842
Median Rent
$182,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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.
