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Restaurant

Hardee's

3283 TN-126, Blountville, TN 37617

Listing Price: $2,565,841

Cap Rate
5.15%
Tenant Name
Capstone Restaurant Group
Years Remaining On Lease
15.1
Gross SF
3,037
Guarantor
Franchisee Guarantee
Rentable SF
3,037
Price/Gross SF
$844.86
Rent Per Square Feet
$43.51

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a 3,794+\- freestanding Hardees restaurant on a 1.50-acre lot in Blountville (Sullivan County), TN. The property is subject to a 15-year triple-net (NNN) lease with four, 5-Year Options. The lease does present rental increases of 10% every five (5) years throughout the base term and all four option periods.
The property is well-positioned in the center of Blountville along Bristol Hwy (11,000 VPD) & right off Hwy 394 (20,000 VPD). The Hardees is located less than a mile off the very busy Interstate-81, Exit 69 (39,000 VPD). This interchange is main traffic route for nationally known Bristol Motor Speedway providing the subject property with a steady flow of traffic & consumers.
Notable retailers in the trade area include McDonalds, Burger King, Arbys, Dominos Pizza, Walgreens, Advance Auto, Dollar General, Family Dollar, BP Gas & Convenience, Subway, and many other local restaurants.

Investment Highlights

  • Absolute Net Lease Investment, No Landlord Responsibility
  • 10% Increases every 5 Years During Primary & Option Terms
  • Located on main route to Bristol Motor Speedway- 3rd largest Sports Venue in America
  • Capstone Restaurant Group- 2nd largest operators in the CKE restaurant system

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s) TN: 307629

    Tennessee

Listing Price: $2,565,841

Cap Rate
5.15%
Tenant Name
Capstone Restaurant Group
Years Remaining On Lease
15.1
Gross SF
3,037
Guarantor
Franchisee Guarantee
Rentable SF
3,037
Price/Gross SF
$844.86
Rent Per Square Feet
$43.51

Investment Highlights

  • Absolute Net Lease Investment, No Landlord Responsibility
  • 10% Increases every 5 Years During Primary & Option Terms
  • Located on main route to Bristol Motor Speedway- 3rd largest Sports Venue in America
  • Capstone Restaurant Group- 2nd largest operators in the CKE restaurant system

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a 3,794+\- freestanding Hardees restaurant on a 1.50-acre lot in Blountville (Sullivan County), TN. The property is subject to a 15-year triple-net (NNN) lease with four, 5-Year Options. The lease does present rental increases of 10% every five (5) years throughout the base term and all four option periods.
The property is well-positioned in the center of Blountville along Bristol Hwy (11,000 VPD) & right off Hwy 394 (20,000 VPD). The Hardees is located less than a mile off the very busy Interstate-81, Exit 69 (39,000 VPD). This interchange is main traffic route for nationally known Bristol Motor Speedway providing the subject property with a steady flow of traffic & consumers.
Notable retailers in the trade area include McDonalds, Burger King, Arbys, Dominos Pizza, Walgreens, Advance Auto, Dollar General, Family Dollar, BP Gas & Convenience, Subway, and many other local restaurants.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2860

    License(s): TN: 307629

    Tennessee

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