Skip to main content

Restaurant

Hardee's Restaurant

4060 Electric Rd, Roanoke, VA 24018

Listing Price: $1,450,000

Cap Rate
5.52%
Tenant Name
Hardee's
Years Remaining On Lease
5.8
Gross SF
3,359
Guarantor
Franchisee Guarantee
Rentable SF
3,359
Price/Gross SF
$431.68
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Overview

The investment offering features a freestanding Hardee's restaurant situated on more than 65,000 square feet of land in Roanoke, Virginia. The subject property is absolute net-leased to Boddie-Noel Enterprises, the largest and oldest Hardee's franchisee with approximately 334 locations. The site fronts Electric Road (Highway 419), which is a busy, four-lane thoroughfare along the southern part of town. KFC, Shell, and Sleep Inn are directly across the street from Hardee's, and SunTrust Bank, Panera, Bank of America, Holiday Inn, and Exxon are also in close proximity. The Tanglewood Mall, which features nearly 800,000 square feet of retail space is also located on Electric Road, just a few blocks from Hardee's. The subject property also features a pole sign with excellent visibility along Electric Road.

Investment Highlights

  • Tenant is the Largest Hardee's Franchisee, with More Than 340 Restaurants in Four States.
  • Exposure and Access on Electric Road (Highway 419), a Major Roanoke Thoroughfare.
  • Located in a Busy Retail Corridor Near the Tanglewood Mall.

Exclusively Listed By

Listing Price: $1,450,000

Cap Rate
5.52%
Tenant Name
Hardee's
Years Remaining On Lease
5.8
Gross SF
3,359
Guarantor
Franchisee Guarantee
Rentable SF
3,359
Price/Gross SF
$431.68
Lease Type
Absolute Net
Rent Per Square Feet
$23.82

Investment Highlights

  • Tenant is the Largest Hardee's Franchisee, with More Than 340 Restaurants in Four States.
  • Exposure and Access on Electric Road (Highway 419), a Major Roanoke Thoroughfare.
  • Located in a Busy Retail Corridor Near the Tanglewood Mall.

Investment Overview

The investment offering features a freestanding Hardee's restaurant situated on more than 65,000 square feet of land in Roanoke, Virginia. The subject property is absolute net-leased to Boddie-Noel Enterprises, the largest and oldest Hardee's franchisee with approximately 334 locations. The site fronts Electric Road (Highway 419), which is a busy, four-lane thoroughfare along the southern part of town. KFC, Shell, and Sleep Inn are directly across the street from Hardee's, and SunTrust Bank, Panera, Bank of America, Holiday Inn, and Exxon are also in close proximity. The Tanglewood Mall, which features nearly 800,000 square feet of retail space is also located on Electric Road, just a few blocks from Hardee's. The subject property also features a pole sign with excellent visibility along Electric Road.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower