Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE WITH GUARANTY
» Leased to StarCorp, the fastest growing franchisee in the CKE system (135+ units)
» 10% rental increases every five years, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance
» No landlord management, making this asset an ideal investment opportunity for an out-ofarea investor
» 2019 construction built to latest Hardee’s prototype and featuring ample on-site parking and dedicated drive-thru

EASILY ACCESSIBLE LOCATION IN POPULOUS AND GROWING AREA
» Located along West McClain Avenue, a primary retail corridor traversing the entirety of Scottsburg (21,170 AADT)
» Immediate access and visibility from Interstate 65 (30,130 AADT), significantly increasing traffic to the site
» 53,470 residents within a 15-mile radius of the property, providing a large customer base for the property
» Projected 14 percent AHI increase within five miles of the site in the next five years, poising Scottsburg and Hardee’s for significant concurrent growth
» Future job growth in North Vernon is projected to be 34 percent, higher than the national average

CENTRAL LOCATION NEAR LARGE RETAILERS, EMPLOYERS, AND COMMUNITY HUBS
» Across the street from Scottsburg High School (815 students) and walking distance from Scottsburg Elementary School (439 students), greatly increasing lunchtime traffic to the site
» Surrounded by several national retailers including Walmart Supercenter, McDonald’s, Wendy’s, KFC, Taco Bell, Popeyes, Sonic Drive-In, Burger King, and many more, promoting crossover shopping to the location
» Within walking distance of six hotels, increasing foot traffic to the site
» Two miles from the Scott County Indiana Fairgrounds and Scottsburg’s primary healthcare provider, Scott Memorial Hospital
» 30-minute drive from Louisville and beneficial proximity to Cincinnati (97 miles) and Indianapolis (84 miles), increasing regional commuter traffic through the region

Property Description

SOLD

The property has an easily accessible location along North McClain Avenue, with visibility and access to 21,170 vehicles per day directly in front of the location. Traffic to the site is increased by nearby Interstate 65, which experiences a high traffic count of 30,130 AADT. The site benefits from its location in a populous area, with 53,470 residents living within a 15-mile radius of the location. The property is primed to grow along with the surrounding area, with a projected 14 percent average annual household income increase within five miles of the site in the next five years. Future job growth in Scottsburg is also projected to be 34 percent, above the national average.

The property has a central location between large employers, retailers, and community hubs. The site is across the street from Scottsburg High School (815 students) and walking distance from Scottsburg Elementary School (439 students), greatly increasing lunchtime traffic to the site. The location is also surrounded by several national retailers including Walmart Supercenter, McDonald’s, Wendy’s, KFC, Taco Bell, Popeyes, Sonic Drive-In, Burger King, and many more, promoting crossover shopping to the site. Traffic to the location is increased by its proximity within walking distance of six hotels and within two miles of the Scott County Fairgrounds and Scottsburg’s primary healthcare provider, Scott Memorial Hospital. The property is also located 30 minutes from Louisville and maintains a beneficial proximity to Cincinnati (97 miles) and Indianapolis (84 miles), greatly increasing regional\ commuter traffic to the site.