Restaurant

Hardee's

975 Glynn Street, Fayetteville, GA 30214

Listing Price: $2,200,000

Cap Rate
6.62%
Tenant Name
Empire Restaurants, LLC
Years Remaining On Lease
12.1
Gross SF
3,200
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Price/Gross SF
$687.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.52

Investment Overview

- Absolute NNN leased Hardees with over 12 years remaining in Fayetteville, GA - approximately 20 miles south of downtown Atlanta
- The tenant, Empire Restaurants, LLC, is a 42-unit entity that is a subsidiary of Capstone Restaurant Group - Capstone operates over 300 restaurants in 16 states through a variety of brands that include Carls Jr., Hardees, Taco Bell, Dunkin, and Pizza Hut
- Increasing store-sales
- Approximately 7.7% rental increases in 2023, 2028, and each of the four (4), five (5) year option periods
- Well positioned, all-brick asset located on Glynn Street (33,000+ cars/day) which is the main retail corridor in Fayetteville
- Approximately 1 mile south of Fayette Pavilion - a 1.5M SF power center anchored by Walmart, Home Depot, Target, Publix, Belk, Hobby Lobby, T-J-Maxx, Marshalls, Kohls, PetSmart, Bed Bath & Beyond and many other national and regional retailers
- Directly adjacent to the brand-new Satterfield Crossing development - 55-townhome units and 50,000 SF of retail that includes: RaceTrac, Discount Tire, Aspen Dental, My Eye Lab, Navy Federal Credit Union, Panda Express, Freddys, and Chipotle
- Just six miles from Pinewood Studios (opened in 2014) - Pinewood is the largest film and television production studio in the U.S. outside the state of California - comprised of 18 sound stages on 700 acres
- High income area - average household income in the 1-mile radius is over $96,000, over $93,000 within 3 miles, and over $85,000 within 5 miles
- Atlanta ranks in the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including Home Depot, Delta, Coca-Cola, Mercedes-Benz, UPS, and Aflac
- Strong employment gains in Atlanta - the metro ranks among the highest in the nation for job growth with nearly 330,000 jobs added over the past five years
- Dense market - Atlanta MSA is projected to exceed 6.2 million people over the next five years, after adding nearly 300,000 residents

Investment Highlights

  • Absolute NNN leased Hardees with over 12 years remaining
  • The tenant is a 42-unit entity that is a subsidiary of Capstone Restaurant Group
  • Increasing store-sales
  • Approximately 7.7% rental increases in 2023, 2028, and each of the options
  • Approximately 1 mile south of Fayette Pavilion, a 1.5M SF power center

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

Listing Price: $2,200,000

Cap Rate
6.62%
Tenant Name
Empire Restaurants, LLC
Years Remaining On Lease
12.1
Gross SF
3,200
Guarantor
Franchisee Guarantee
Rentable SF
3,200
Price/Gross SF
$687.50
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.52

Investment Highlights

  • Absolute NNN leased Hardees with over 12 years remaining
  • The tenant is a 42-unit entity that is a subsidiary of Capstone Restaurant Group
  • Increasing store-sales
  • Approximately 7.7% rental increases in 2023, 2028, and each of the options
  • Approximately 1 mile south of Fayette Pavilion, a 1.5M SF power center

Investment Overview

- Absolute NNN leased Hardees with over 12 years remaining in Fayetteville, GA - approximately 20 miles south of downtown Atlanta
- The tenant, Empire Restaurants, LLC, is a 42-unit entity that is a subsidiary of Capstone Restaurant Group - Capstone operates over 300 restaurants in 16 states through a variety of brands that include Carls Jr., Hardees, Taco Bell, Dunkin, and Pizza Hut
- Increasing store-sales
- Approximately 7.7% rental increases in 2023, 2028, and each of the four (4), five (5) year option periods
- Well positioned, all-brick asset located on Glynn Street (33,000+ cars/day) which is the main retail corridor in Fayetteville
- Approximately 1 mile south of Fayette Pavilion - a 1.5M SF power center anchored by Walmart, Home Depot, Target, Publix, Belk, Hobby Lobby, T-J-Maxx, Marshalls, Kohls, PetSmart, Bed Bath & Beyond and many other national and regional retailers
- Directly adjacent to the brand-new Satterfield Crossing development - 55-townhome units and 50,000 SF of retail that includes: RaceTrac, Discount Tire, Aspen Dental, My Eye Lab, Navy Federal Credit Union, Panda Express, Freddys, and Chipotle
- Just six miles from Pinewood Studios (opened in 2014) - Pinewood is the largest film and television production studio in the U.S. outside the state of California - comprised of 18 sound stages on 700 acres
- High income area - average household income in the 1-mile radius is over $96,000, over $93,000 within 3 miles, and over $85,000 within 5 miles
- Atlanta ranks in the top 10 in the nation in the number of Fortune 500 headquarters with 15 firms, including Home Depot, Delta, Coca-Cola, Mercedes-Benz, UPS, and Aflac
- Strong employment gains in Atlanta - the metro ranks among the highest in the nation for job growth with nearly 330,000 jobs added over the past five years
- Dense market - Atlanta MSA is projected to exceed 6.2 million people over the next five years, after adding nearly 300,000 residents

Exclusively Listed By

  • Brian Munn

    Senior Vice President Investments

    Email Brian

    License(s): GA: 263081

    Atlanta

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