Hardee's

1771 U.S. Highway 431, Boaz, Alabama

$1,232,000

Price

6.25%

Cap Rate

$77,000

NOI

Overview
Cap Rate
6.25%
NOI
$77,000
Building Size
3,542 sqft
Lot Area
1.37 acres
Lease Type
Triple Net
Year Built
2006
Tenancy
Single
Lease Expire Year
10/30/2030
Description

Single Tenant Hardee’s:
-Recently extended 10-year lease in anticipation of a store remodel
-Four 5-year options to extend
-7.5% rental increases every 5 years during the primary term and options
-Absolute NNN lease with no landlord maintenance responsibilities offering passive income

Strong Lease Guarantee: From the 2nd largest franchisee in the Hardee’s system

Well Positioned: Along U.S. Highway 431 with average daily traffic volumes exceeding 27,000 CPD

Walmart Adjacent: Sits directly across the street from a Walmart Supercenter

Professional Seller: Recently completed 3rd party reports (Environmental, Survey)

Attractive Price Point: Single-tenant quick service restaurant on a 1.37-acre parcel with a drive-thru

Documents
Title
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM
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Location
Gallery