Restaurant
Hardee's
1301 W Maple Ave, Geneva, AL 36340
Listing Price: $875,000
Cap Rate
7.30%
Tenant Name
Hardees
Years Remaining On Lease
5.5
Guarantor
Franchisee Guarantee
Rentable SF
2,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.94
Investment Overview
Single-tenant Hardees featuring 5 years remaining on the base term with four additional, 5-YR options and healthy 10% increases every 5 years.
Hardee's
Investment Highlights
- The parent company for Empire Restaurants, LLC is Capstone Restaurant Group, the second largest Hardee's Franchisee with over 100 Hardee's locations in 8 States.
- Below market rent at $63,903 annually, which is significantly below both the average rent for quick service restaurants and prevailing market
- Triple net (NNN) lease structure, with the tenant responsible for all operating expenses, including taxes, insurance, maintenance, & structure. This is a true, passive, hands off investment
- Placer.ai reports approximately 145,000 annual visits to this location, above the industry standard, indicating strong customer traffic & tenant performance. This further supports the likelihood of a lease renewal beyond the remaining 5-year term
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $875,000
Cap Rate
7.30%
Tenant Name
Hardees
Years Remaining On Lease
5.5
Guarantor
Franchisee Guarantee
Rentable SF
2,912
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.94
Investment Highlights
- The parent company for Empire Restaurants, LLC is Capstone Restaurant Group, the second largest Hardee's Franchisee with over 100 Hardee's locations in 8 States.
- Below market rent at $63,903 annually, which is significantly below both the average rent for quick service restaurants and prevailing market
- Triple net (NNN) lease structure, with the tenant responsible for all operating expenses, including taxes, insurance, maintenance, & structure. This is a true, passive, hands off investment
- Placer.ai reports approximately 145,000 annual visits to this location, above the industry standard, indicating strong customer traffic & tenant performance. This further supports the likelihood of a lease renewal beyond the remaining 5-year term
Investment Overview
Single-tenant Hardees featuring 5 years remaining on the base term with four additional, 5-YR options and healthy 10% increases every 5 years.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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