Restaurant

Hardee's

318 S Virginia Ave, Tifton, GA 31794

Listing Price: $2,655,680

Cap Rate
6.25%
Tenant Name
Hardee's
Years Remaining On Lease
12.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$885.23
Lease Type
Absolute Net
Rent Per Square Feet
$55.33

Investment Overview

Marcus & Millichap is pleased to present this Hardees located on 318 South Virginia Avenue in Tifton, Georgia. The property is situated directly off I-75 which brings more than 57,000 vehicles to the immediate area daily. South Virginia Avenue has average daily traffic counts of 7,500 vehicles and intersects 7th Street West which brings an additional 27,000 vehicles to the surrounding area. There are approximately 24,000 people within a three-mile radius of this property and more than 42,200 within a ten-mile radius.

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Thirteen (13) Years Remaining on the Base Term
  • Attractive Two Percent (2.00%) Annual Rental Escalations

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

Listing Price: $2,655,680

Cap Rate
6.25%
Tenant Name
Hardee's
Years Remaining On Lease
12.9
Gross SF
3,000
Guarantor
Franchisee Guarantee
Rentable SF
3,000
Price/Gross SF
$885.23
Lease Type
Absolute Net
Rent Per Square Feet
$55.33

Investment Highlights

  • Long Term Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Thirteen (13) Years Remaining on the Base Term
  • Attractive Two Percent (2.00%) Annual Rental Escalations

Investment Overview

Marcus & Millichap is pleased to present this Hardees located on 318 South Virginia Avenue in Tifton, Georgia. The property is situated directly off I-75 which brings more than 57,000 vehicles to the immediate area daily. South Virginia Avenue has average daily traffic counts of 7,500 vehicles and intersects 7th Street West which brings an additional 27,000 vehicles to the surrounding area. There are approximately 24,000 people within a three-mile radius of this property and more than 42,200 within a ten-mile radius.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    License(s): GA: 252904

    Georgia

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