Restaurant

Hardee's - 14+ Years NNN

100 Hazel Mosley Dr, Jasper, GA 30143

Listing Price: $2,450,000

Cap Rate
6.15%
Tenant Name
Hardee's
Years Remaining On Lease
14.4
Gross SF
2,448
Guarantor
Franchisee Guarantee
Rentable SF
2,448
Price/Gross SF
$1,000.82
Lease Type
Absolute Net
Rent Per Square Feet
$61.52

Investment Overview

The subject property is a 2015 construction freestanding Hardee’s restaurant located on GA-515 in Jasper, Georgia. Other retailers in the immediate area include Kroger, The Home Depot, QuikTrip, Ingles, McDonald’s and more. Piedmont Mountainside Hospital, a 52-bed medical facility, is also less than 1 mile away. The tenant, Atlantic Star Foods, LLC, is signed to a 20-year NNN lease that commenced in July, 2015. The landlord friendly lease features fixed 10% rental increases every 5 years. The NNN lease structure provides for no landlord responsibilities or expenses. The lease is guaranteed by Summit Restaurant Holdings, LLC.

Investment Highlights

  • INTERNATIONAL BRAND | 1,800+ LOCATIONS IN 14 COUNTRIES
  • 2015 CONSTRUCTION | 14+ YEARS REMAINING
  • 10% RENTAL INCREASES EVERY 5 YEARS
  • GUARANTY FROM SUMMIT RESTAURANT HOLDINGS, LLC
  • ABSOLUTE NNN LEASE | NO LANDLORD EXPENSES
  • GA-515 BOASTS 25,500 VEHICLES PER DAY

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Listing Price: $2,450,000

Cap Rate
6.15%
Tenant Name
Hardee's
Years Remaining On Lease
14.4
Gross SF
2,448
Guarantor
Franchisee Guarantee
Rentable SF
2,448
Price/Gross SF
$1,000.82
Lease Type
Absolute Net
Rent Per Square Feet
$61.52

Investment Highlights

  • INTERNATIONAL BRAND | 1,800+ LOCATIONS IN 14 COUNTRIES
  • 2015 CONSTRUCTION | 14+ YEARS REMAINING
  • 10% RENTAL INCREASES EVERY 5 YEARS
  • GUARANTY FROM SUMMIT RESTAURANT HOLDINGS, LLC
  • ABSOLUTE NNN LEASE | NO LANDLORD EXPENSES
  • GA-515 BOASTS 25,500 VEHICLES PER DAY

Investment Overview

The subject property is a 2015 construction freestanding Hardee’s restaurant located on GA-515 in Jasper, Georgia. Other retailers in the immediate area include Kroger, The Home Depot, QuikTrip, Ingles, McDonald’s and more. Piedmont Mountainside Hospital, a 52-bed medical facility, is also less than 1 mile away. The tenant, Atlantic Star Foods, LLC, is signed to a 20-year NNN lease that commenced in July, 2015. The landlord friendly lease features fixed 10% rental increases every 5 years. The NNN lease structure provides for no landlord responsibilities or expenses. The lease is guaranteed by Summit Restaurant Holdings, LLC.

Exclusively Listed By

  • Robby Pfeiffer

    Senior Vice President Investments

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

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