Hardee's - Jacksonville, FL

HARDEE'S - JACKSONVILLE, FL

A CORPORATE ABSOLUTE NNN LEASE WITH APPROXIMATELY 10 YEARS REMAINING LOCATED IN AN OPPORTUNITY ZONE

LEAD ADVISOR JUSTIN POOR

Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251

BRAD MACOMBER

Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748

LEGAL LEGAL DISCLAIMER DISCLAIMER

The information contained in this marketing brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Integrity, NW and should not be made available to any other persons or entities without written consent of Commercial Integrity, NW. The information contained herein has been prepared to provide summary, unverified financial and physical information to prospective purchasers to establish a preliminary level of interest in the Subject Property.

THE INFORMATION CONTAINED HEREIN SHALL NOT BE A SUBSTITUTE FOR A THOROUGH DUE DILIGENCE INVESTIGATION.

Commercial Integrity, NW has not made any investigation, and makes no warranty or representation with respect to the income or expense for the Subject Property, the future projected financial performance of the Subject Property, the size or square footage and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plan or intentions to continue to occupy the Subject Property. The information contained herein has been obtained from sources we believe to be reliable; however, Commercial Integrity, NW has not verified and will not verify, any of the information contained herein, nor has Commercial Integrity, NW conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.

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THE SYNOPSIS

ASSET SYNOPSIS INVESTMENT HIGHLIGHTS LEASE ABSTRACT TENANT PROFILE: HARDEE'S PROPERTY PHOTOS BEA.GOV

THE NUMBERS

RENT ROLL / INCOME / EXPENSE /VALUE

THE DETAILS

AERIAL MAP DOWNTOWN JACKSONVILLE SITE PLAN TRADE AREA JACKSONVILLE MARKET DEMOGRAPHICS AREA OVERVIEW

A TOP PERFORMING HARDEE'S LOCATION IN JACKSONVILLE + DUVAL COUNTY (BASED ON AI-ANALYTICS FROM ALPHAMAPS)

THE SYNOPSIS 6 668608 C 0 OCMOMMOMNOWNEW A EL A TH L TA H VAE V| E J|A JCAKCS KOSNOVNI LVLIEL ,L EF ,L F L

$546 PSF BUILDING | 4,213 SF

ASSET SYNOPSIS

$2,300,000 6% CAP

6 6680 COMMONWEALTH AVE

HARDEE'S

6680 COMMON W EALT H AVE. JAC KSONVILLE, FL 32 2 5 4 Building SF Price Land Land

4,213 SF $2,300,000 39,876 SF 0.92 ACRES

Use Built/Reno

Building Type Parking

Retail 1994/2005 Masonry 36 Spaces, 9/1,000 SF

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INVESTMENT HIGHLIGHTS

Hardee's (NNN Tenant in place)

Hardee's has been here since 1994/1995 and corporate signed a brand new 20 year absolute NNN lease in 2012 providing its commitment to the hard-corner locaiton.

Ease of Access

Situated just off exit 22 from I-295's 78,327+ VPD. This property has 2 ingress /egress offering access from both Commonwealth Ave.'s 21,929+ VPD and Sumac Road's 2,292+ VPD.

Top Performing Location*

This is one of 11 Hardee's locations in the city ofJacksonville which serves over 902,488+ population. This Hardee's ranks #1 in the city of Jacksonville as well as Duval County, and ranks #16 in the State of Florida. (Based on AI Analytics - Alpha Maps)

Proximity to Downtown Retail

This asset sits on a hard corner, on one of the main arterial thoroughfares connecting I-295 to Jacksonville's downtown shopping and entertainment: St. Johns Town Center (outdoor mall features 150 retailers), The Avenues (more than 1.1 million square feet of shopping), and River City Marketplace(outdoor shopping and dining destination on the water) located less than 10 miles away.

Education

Duvall County holds the 20th largest school district in the nation, home to over 197 schools. This district boasts129,000+ students and 12,000+ employees.*

Serving a Military Hub

Jacksonville is a major military and civilian deep-water port.

The subject property is available to multiple military facilities, and with Naval Submarine Base Kings Bay nearby gives Jacksonville the third largest military presence in the country. According to the Florida Trend Publication, Jacksonville and NE Florida are home to about 75,000 active duty, reserve and civilian personnel.

* Brand Ranking Data: © AlphaMap.com 2022 * Duval County Student population and dstrict ranking - dcps.duvalschools.org

Property located in an Opportunity Zone

Investing in real estate within an opportunity zone can offer distinct advantages. Opportunity zones are designated areas that aim to stimulate economic development by providing tax incentives to investors. One advantage is the potential for significant tax benefits, including the deferral and reduction of capital gains taxes.

By directing capital into these zones, investors can not only contribute to the revitalization of underserved communities but also enjoy potential appreciation in property values over time. As a result, buying real estate in an opportunity zone not only offers financial advantages but also provides an opportunity to participate in community development initiatives.

6680 COMMONWEALTH AVE

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e LEASE ABSTRACT

Real Estate Taxes In addition to base rent, Tenant shall pay 100% of all real property taxes and assessments levied, assessed or imposed during the Term upon the Property.

Insurance In addition to base rent, Tenant shall pay 100% of all costs of insurance required by Landlord. Tenant shall procure and maintain Fire and Public Liability Insurance.

Utilities Tenant is solely responsible for provision and payment of all water and sewer facilities, gas and electrical services including heat and light, garbage collection, recycling, all other facilities and utility services used by Tenant.

Tenant R&M Tenant is solely responsible for provision and payment of all repairs and replacement including structural and nonstructural, ordinary and extraordinary, necessary to maintain the building.

PROPERTY 6680 COMMONWEALTH AVE

Tenant HARDEE'S Lease 7/1/21 - 6/30/32 10% Rent Escalations Every 5 years with four (4) five (5)-year options LEASED AREA 4,213 SF Exclusive Use For Restaraunt

Expense CAP Administrative charge not to exceed 10% of operating expenses & direct admin costs.

$137,883.00 Annual Rent

8 6680 COMMONWEALTH AVE

TENANT PROFILE: HARDEE'S

RANKING PROVIDED BY ALPHAMAPS ST A TE : 1 6 TH OF 98 FL OR I D A S TA TE L O CATI ON S C O U NT Y : 1 S T OF 1 1 DU VA L C OU N T Y LOC ATION S ME T RO A RE A : 2N D O F 1 7 M ETR O L OC A TI ON S C IT Y: 1S T OF 1 1 JA C KS ONV I L L E L OC ATI ON S

AVERAGE AVERAGE VISITS* VISITS* ANNU A L : M O NT H L Y : WE E KL Y : DA IL Y:

3,800+ LOCATIONS

287, 9 64 23 , 9 9 7 5,537 79 1

HARDEE'S

*Brand Ranking + Consumer Data: © AlphaMap.com 2022

FOR OVER 60 YEARS, HARDEE'S HAS BROUGHT COMMUNITIES TOGETHER WITH QUALITY, DELICIOUS FOOD. WITH MORE THAN 1,800 RESTAURANTS ACROSS THE U.S., AND LOCATIONS IN 13 COUNTRIES, WE ARE COMMITTED TO THE BEST TASTING FOOD TO BETTER SERVE OUR GUESTS--FROM MADE FROM SCRATCH™ BISCUITS AND HANDBREADED CHICKEN TENDERS™. HARDEE'S HAS BEEN KNOWN FOR MORE THAN 40 YEARS FOR OUR MADE FROM SCRATCH™ BISCUITS. OUR DESIGNATED BISCUIT MAKERS RISE BEFORE THE SUN, AND START THEIR MORNINGS AT 4 A.M., HAND-MAKING EACH BATCH OF BISCUITS FROM SCRATCH EVERY 15 MINUTES FOR BISCUIT CLOUDS OF FLAKY, BUTTERY GOODNESS.

1941

PRIVATELY HELD

16.68+K

FOUNDED

OWNERSHIP

EMPLOYEES

$1.3 B (2022)

HEADQUARTERS

REVENUE

FRANKLIN, TN

6680 COMMONWEALTH AVE

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PROPERTY PROPERTY PHOTOS PHOTOS

2021-2022 FLORIDA SAW A 10.4% INCREASE IN REAL PERSONAL CONSUMPTION EXPENDITURES: $1,104,068.5 PCE IN 2021 PUTTING FLORIDA IN THE TOP 10 STATES FOR ACTIVE CPE GROWTH bea.gov

THE NUMBERS 6 668608 C 0 OCMOMMOMNOWNEW A EL A TH L TA H VAE V|E J|A JCAKCS KOSNOVNI LVLIEL ,L EF ,L F L

VALUATION

RENT ROLL / INCOME / EXPENSE /VALUE

TENANT INFO

SQUARE FEET

CURRENT RENT

Tenant

Bldg #

Lease

SF

NNN %

Monthly Rent

Annualized Rent

Rent PSF

Hardee's

6680 Commonwealth Ave

7/1/12 - 6/30/32

4,213

100%

$11,490.25

$137,883.00

$32.73

4,213

100%

$11,490.25

$137,883.00

$32.73

CURRENT

PSF

$137,883.00

$32.73

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$137,883.00

$32.73

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Gross Rental Totals

*Rent roll reflects current 2023 rents.

R E N T E S C AL AT I ON S CHE D U L E 07/01/2027 07/01/203 2* 07/01/203 7*

$166,838.43 $183,522.27

07/01/2042* 07/01/ 2047*

$201,874. 49 $222,061.93

*Four (4) five (5) - year periods, each of which may be exercised upon the terms set forth in the lease exhibit C.

INCOME DATA NNN Reimbursements

$32.73 EXPENSES

SALE O F FE R ING: 668 0 COM M O NW E A T L TH A V E ACR ES : 0.9 2 PR ICE : $2,3 0 0 ,0 0 0 BUIL DIN G( S): 4,21 3 S F DESCRIP TIO N :

BLDG PSF : $5 46 L AND PSF $5 8 ON MARKET RETAIL

CURRENT

PSF

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Oil & Gas

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Water & Sewer

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Electricity

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Garbage & Recycling

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Building Maintenance

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Security Services

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Pest Control

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Elevator & Repair S ALE OF FEMaint.

R I N G: 4 5 4 0 Landscape LA CE Y BLVD SE

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HVAC

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Admin

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This information has been secured by Commercial Integrity NW and we make no representations or warranties, expressed or implied, as to the accuracy of the information.

$32.73 6680 COMMONWEALTH AVE

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ESTABLISHED BY THE CITY OF JACKSONVILLE AND NAMED BEST-IN-CLASS EMPLOYERS BY GALLAGHER, JEA DISPATCH CENTER IS LOCATED NEXT DOOR TO HARDEE'S BOASTING OVER 200,000 FOOT TRAFFIC VISITS YTD ACCORDING TO ALPHAMAPS AI ANALYTICS

14 6680 COMMONWEALTH AVE

ACCORDING TO ALPHAMAPS AI ANALYTICS AND MOBILE DATA, THE SUBJECT PROPERTY HAS AN AVERAGE FOOT TRAFFIC OF 62,000+ PER MONTH, YTD

6680 COMMONWEALTH AVE

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H ALT WE ON MM CO VPD 29+ 21,9

21,929

AVE

CONSUMER SPENDING 1 MILE RADIUS $21M

+ 27 ,3 78

G ENDIN ER SP $572M M U S CON E RADIUS 3 MIL G DIN EN B P S 2 ER S $ UM ADIU S N R CO ILE M 5

D VP 5 29 I-

LOCATED AT THE END OF EXIT 22'S OFFRAMP FROM

I-295 WITH VISIBILITY TO OVER 78,327+ VPD

THE DETAILS 6680 COMMONWEALTH AVE | JACKSONVILLE, FL

4,213 4,213SFSFBUI BUI L DI L DI NG N G| 0.92 | 0.92AC AC

AERIAL MAP

78 ,32 7+

VP D

I29 5

21,929+ VPD COMMONWEALTH AVE

DOWNTOWN JACKSONVILLE 7.4 MILES

6680 COMMONWEALTH AVE

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DOWNTOWN JACKSONVILLE

BANK OF AMERICA FINANCIAL CENTER

TIAA FINANCIAL CENTER

HASKELL

KPMG

20 6680 COMMONWEALTH AVE

WELLS FARGO CENTER

JACKSONVILLE CENTER FOR PERFORMING ARTS

FIDELITY NATIONAL FINANCE

FLORIDA BLUE

SITE PLAN

170' road frontage along Commonwealth Ave

2,292+ VPD SUMAC RD

220 ' road frontage along Sumac Rd

21,929+ VPD COMMONWEALTH AVE

TRADE TRADE AREA AREA

5 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

3.104%

TRADE AREA: 78.5 SQUARE MILES

58,113

153,986

$70.5K

HOUSEHOLDS

POPULATION

HH INCOME

3 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

4.034%

TRADE AREA: 28.3 SQUARE MILES

15,476

54,943

$62.8K

HOUSEHOLDS

POPULATION

HH INCOME

1 MILE RADIUS 5 YR PROJECTED POPULATION GROWTH:

1.107%

TRADE AREA: 3.1 SQUARE MILES

22 6680 COMMONWEALTH AVE

207

5,375

$84.7K

HOUSEHOLDS

POPULATION

HH INCOME

Trade Area Demographic Data + Growth Projections: © AlphaMap.com 2023

JACKSONVILLE MARKET

JACKSONVILLE MARKET EDUCATION SCHOOL

STUDENTS

STAFF

YEAR

Florida State College-Jacksonville

20,717

3k+

2022

University of North Florida

16,517

2,169

2022

Jacksonville University

3,995

500

2022

Edward Waters University

2,871

186

2022

Flagler College

2,652

721

2022

Trinity Baptist College

365

200

2022

JACKSONVILLE MARKET EMPLOYERS COMPANY

EMPLOYEES

HQ

CITY

Amazon

16,000

NO

JACKSONVILLE

Baptist Health

12,400

NO

JACKSONVILLE

Bank of America

7,700

NO

JACKSONVILLE

Mayo Clinic

6,400

NO

JACKSONVILLE

Southeastern Grocers

5,700

YES

JACKSONVILLE

Florida Blue

5,700

YES

JACKSONVILLE

Ascension St. Vincent’s

5,400

NO

JACKSONVILLE

College Data: © Google.com 2023

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© Niche.com 2023

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Employer Data: © Google.com 2023

6680 COMMONWEALTH AVE

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DEMOGRAPHICS

28 1,47 9 SITE VISITS 8 AM PEAK THURSDAY PEAK

WAL KS CORE: BI KES CORE: TR ANSITSCORE:

(CAR-DEPENDANT) (SOMEWHAT B IKEAB LE) (SOME TRANSIT)

28 44 25

3 M ILES

5 M ILES

WORK DAY POPULATION

5 , 375

54,943

153,98 6

HOUSEHOLDS

207

15,47 6

58 ,113

$84 .7K

$62.8 K

$7 0.5 K

$21 M

$57 1M

$2B

21 .2M

COUNTY

DU VAL COUNT Y

948, 65 1

PUMA

JA CKS ONVI LLE

1 .53M

CITY

JA CKS ONVI LLE

902 , 488

Demographic, Traffic, Consumer Data: © AlphaMap.com 2023

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Population Data: © DataUSA.io 2023

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© Niche.com 2023

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Transportation Ratings: © WalkScore.co m 2023

POPU LATION POPU LATION

FL OR IDA

STATE

DEMOGRAPHICS DEMOGRA PHICS

1 MILE

CONSUMER SPENDING

TRAN SPO RT ATIO N TRAN SPO RT ATIO N

ANN U AL FOOT TRAFFIC: HOU R L Y FOOT TRAFFIC: D AI L Y FOOT TRAFFIC:

AI R PORT: 25 MIN DRIVE TO JAX JAC KS ONVILLE INTERNATIONAL AIRPORT

HH INCOME

T RAFFIC T RAFFIC

78, 327+ VPD I-295 21 , 929 + VPD COMMONWEALTH AVE 2, 2 92+ VPD SUMAC RD

AREAAREA OVERVIEW OVERVIEW

ABOUT JACKSONVILLE, FL

TIMUCUAN PRESERVE Known as the Flipside of Florida. Jacksonville boasts 22 miles of beaches, year-round sunshine, world-class museums and all the extras you’d expect from a city this size, but Jacksonville offers a different take on the basics.

This city prides itself as being a little bit country, and a whole lot of (Southern) rock n’ roll. In 2020, Jacksonville, FL had a population of 902k people with a median age of 35.9 and a median household income of $55,531. Between 2019 and 2020 the population of Jacksonville, FL grew from 890,467 to 902,488, a 1.35% increase and its median household income grew from $54,701 to $55,531, a 1.52% increase. Jacksonville has one of the most diversified industry bases in Florida, which makes the economy more resilient to ups and downs in any one sector than other major metropolitan areas in Florida (that are generally dependent on retail and tourism-related industries). While all types of businesses can find success in Jacksonville, the following seven sectors are targeted industries of the Office of Economic Development – Advanced Manufacturing, Aviation and Aerospace, Finance and Insurance, Headquarters, Information Technologies, Life Sciences and Logistics and Distribution. These industries are targeted because there is an existing strong cluster of companies, the potential for growth for these industries is high and Jacksonville possesses advantages which are especially attractive to these industries.

JACKSONVILLE JAGUARS RIVERWALK

LOCATED JUST 8.4 MILES FROM THE SUBJECT PROPERTY, THE JACKSONVILLE JAGUARS DRAW AN AVERAGE OF 66,459 SPECTATORS TO EACH OF THEIR HOME GAMES AT TIAA BANK FIELD

* Professional Photography incorporated after signed Representation Agreement

JUSTIN POOR Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251

BRAD MACOMBER Senior Advisor 503.218.4380 brad.macomber@cinw.com

OR 200908061 | WA 95748

LEAD ADVISOR JUSTIN POOR

Principal Advisor 503.218.4380 justin.poor@cinw.com OR 200705229 | WA 109251

BRAD MACOMBER

Senior Advisor 503.218.4380 brad.macomber@cinw.com OR 200908061 | WA 95748