Freestanding Hardee's
5223 Franklin St Michigan City, IN 46360
5223 Franklin St, Michigan City, IN, 46360
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market102
Property Features for 5223 Franklin St
General Information
- Standard status
- Pending
- Size
- 3,300 SF
- Lot size
- 0.82 Acres
- Property subtype
- Retail
Listing agency
Lee & Associates - Cincinnati
Listed by
Matthew Johnson · License #KY 221321
Source
Crexi
Added: Apr 11 Updated: Jul 20 at 6:25PM Checked: Jul 20 at 6:25PM
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
Location Intelligence
Current Use by Public Records
Hardee's
Restaurant
Similar For Sale Nearby
FAQs
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
