Hardee's

1771 U.S. 431, Boaz, AL 35957

$1,305,085

Cap Rate 5.90%

Views: 130 DOM: 446 Updated: 08.14.24 Posted: 06.19.23 Status: Active

Summary

Price $1,305,085	Built/Renov 1984	Tenant Hardee's
Cap Rate 5.90%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,542	Lease Start 09-01-2019	#Units 82
Price/SF $368.46	Expiration 10-30-2030	Tenant Type Fast Food/QSR
NOI $77,000	R. Term 6.1	Ownership Fee Simple
Rent/SF $21.74	Increases 7.5%/2/yrs	Pop 5Mi 27,694
Lot/AC 1.38	Options 4/5yrs/7.5%	AHHI 5Mi $65,567

Jordan Shtulman

STREAM Capital Partners

Contact

Lease Highlights

Hardee’s has 7 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7.5% rental increases every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Paradigm Investment Group

Location Description

This 3,542 square foot Hardee’s is strategically located on U.S. Highway 431 with access to 32,490 VPD. The subject property is well positioned near national/credit tenants including Sam Co, Walmart, Harbor Freight, and many others. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. There are 27,694 residents supporting...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Major MSA
Absolute NNN
50+ unit franchisee backed

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Links

Hardee's Wikipedia Hardee's Wikipedia Boaz, Alabama Zip Code 35957 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Hardee's
Guarantor:Franchisee
Company:Paradigm Investment Group
# Units:82
Stock:Private

About Tenant

Hardee's Restaurants LLC is an American fast-food restaurant chain famous for their made from scratch hand-breaded chicken tenders and biscuits. Their menu includes hand-breaded chicken...

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Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Florida Short Route	Seay Ave	2020	29,244	0.17 mi
Florida Short Route	Newt Parker Dr	2021	29,244	0.17 mi
Newt Parker Drive	Glenda Dr	2021	1,951	0.17 mi
Highland Street	Seay Ave	2021	310	0.29 mi
Florida Short Route	Martin Ave	2014	25,840	0.40 mi
McVille Road	Willis Rd	2019	1,844	0.43 mi
Bruce Road	East Hwy	2020	1,411	0.50 mi
Bruce Road	McVille Rd	2021	1,411	0.50 mi
Byron Avenue	Marlin Dr	2021	2,622	0.57 mi
Darnell St	Martin Ave	2004	1,490	0.59 mi

Listing Broker

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