Freestanding Hardee's
For Sale
Contact for pricing
Pending
5223 Franklin St, Michigan City, IN 46360
Built in 2019, this freestanding Hardee's restaurant operates under a long-term lease with renewal options.
Property Size3,300 SF
Lot Size0.82 Acres
Days on Market147
Property Features for 5223 Franklin St
General Information
Standard status
Pending
Size
3,300 SF
Lot size
0.82 Acres
Property subtype
Retail
Site & Location
Traffic Count
29,730 vehicles/day
Highway Access
Yes
Building Details
Year Built
2019
Listing Agency:
Lee & Associates Cincinnati
Listed By:
Gage Wiethorn · License #OH 2017005462
(513) 227-8769
Source:
Crexi
Added: Apr 11
Changed: Aug 27
Last Checked: Sep 3 at 10:08AM
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 Lee & Associates Cincinnati
Investment Insights
Based on property information with market context.
This freestanding Hardee’s restaurant is housed in an approximately 3,300-square-foot building constructed in 2019, situated on approximately 0.82 acres. The property is operated by Midwest First Star Inc., which operates 30 units.
The lease is structured for 20 years from the closing date, with the landlord having no landlord responsibilities per the lease terms. The rental structure includes a 7.5% rental increase in 2028 and provides four (4), five (5)-year renewal options.
The site offers strong road exposure with visibility to over 29,730 VPD and is located near I-94 with over 54,000 VPD. The property is positioned in a dense retail corridor with multiple national brands, including Walmart, Lowe’s, Menards, Meijer, AMC, ALDI, and Hobby Lobby.
The lease is structured for 20 years from the closing date, with the landlord having no landlord responsibilities per the lease terms. The rental structure includes a 7.5% rental increase in 2028 and provides four (4), five (5)-year renewal options.
The site offers strong road exposure with visibility to over 29,730 VPD and is located near I-94 with over 54,000 VPD. The property is positioned in a dense retail corridor with multiple national brands, including Walmart, Lowe’s, Menards, Meijer, AMC, ALDI, and Hobby Lobby.
Key Highlights
- Approximately 3,300 SF freestanding Hardee’s restaurant on approx. 0.82 acres in Michigan City, IN
- Built in 2019
- 20‑year lease from the closing date; landlord has no landlord responsibilities per lease terms
Property Analytics
Property Profile
Current Use
Lease Details
29,730 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46360, IN
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
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?
Conventional restaurant - Built in 2019, this freestanding Hardee's restaurant operates under a long-term lease with renewal options.
Where is this conventional restaurant located?
The property is located at 5223 Franklin St Michigan City, IN.
What are key features of this property?
This property features: Approximately 3,300 SF freestanding Hardee’s restaurant on approx. 0.82 acres in Michigan City, IN; Built in 2019; 20‑year lease from the closing date; landlord has no landlord responsibilities per lease terms
