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Tenant Profiles

Hardee’s

B+E > B+E INSIGHTS > Tenant Profiles > Hardee’s
05/08/2026 By B+E

Hardee’s

hardees.com

21
Number on Market

$1.5M
Average Price

11.2
Average Remaining Term (Years)

6.41%
Average Cap Rate

Hardee’s​ Tenant Overview

Hardee’s, founded in 1960 by Wilber Hardee and later acquired by CKE Restaurants Holdings Inc. in 1997, is a prominent quick service restaurant chain with a strong presence throughout the Southeastern and Midwestern United States. The brand has earned its fame with a unique and delectable breakfast menu, highlighting its acclaimed Made from Scratch™ Biscuits. Renowned for its commitment to premium quality, Hardee’s has elevated the lunch and dinner segment with its line of 100% Black Angus Beef Thickburgers™, appealing to burger enthusiasts far and wide. 

Through its dedication to excellence, Hardee’s has firmly established itself as a leader in the quick service restaurant industry. With over 1,800 quick service restaurants operating across 30 U.S. states and internationally, Hardee’s has become one of America’s premier burger brands. Its irresistible menu offerings and dedication to customer satisfaction have won the hearts of countless patrons.

CKE Restaurants Holdings Inc., a privately held company based in Franklin, Tennessee, plays a significant role in the success of both Carl’s Jr.® and Hardee’s®, two regional brands, through its wholly owned subsidiaries. Hardee’s continues to delight customers and expand its presence, inviting all to savor the flavor-packed journey it offers.

hardee's

Tenant Data:

Company Hardee’s
Parent CompanyCKE Restaurants Holdings, Inc.
OwnershipPrivate
HeadquartersFranklin, TN
Credit RatingBBB (S&P)
Annual Revenue$2.4B (FY 2024)
Locations (North America)± 1,800
Websitewww.hardees.com
Average Hardee's Info
Number on Market21
Average Price$1,512,317
Average Remaining Term11.2 Years
Average Cap Rate6.41%
Average NOI$98,517
Average PPSF$507
Average Building SF3,102 SF
Average Lot Size0.97 AC
AS OF 05/05/26

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