Hardee's

3225 Saint Stephens Road, Mobile, AL 36612

$1,324,874

Cap Rate 6.75%

Views: 39 DOM: 39 Updated: 09.12.24 Posted: 08.08.24 Status: Active

Summary

Price $1,324,874	Built/Renov 2015	Tenant Hardee's
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,476	Lease Start 11-01-2023	#Units 82
Price/SF $535.09	Expiration 11-30-2035	Tenant Type Fast Food/QSR
NOI $89,429	R. Term 11.2	Ownership Fee Simple
Rent/SF $36.12	Increases 7.5%/5/yrs	Pop 5Mi 87,042
Lot/AC 0.95	Options 2/5yrs/7.5%	AHHI 5Mi $58,986

Lease Highlights

Hardee’s has 11+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 7.5% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by Paradigm Investment Group, LLC (82 units backed)

Location Description

Hardee's is strategically located at the signalized, hard corner intersection of St. Stephens Road and Wolf Ridge Road, with access to a combined daily traffic count of 24,815 vehicles. The property is surrounded by well-known national tenants including Burger King, Domino's, McDonald's, Chevron, Metro by T-Mobile, and more. The 5-mile trade area supports a population of 87,042 residents with...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Major MSA
Absolute NNN
Long 10+ yr lease
50+ unit franchisee backed

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Links

Hardee's Wikipedia Hardee's Wikipedia Mobile, Alabama Zip Code 36612 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

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

About Tenant

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

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Listing Broker

Doug Roland

Sands Investment Group

Contact

14 Listings
859 Views
0 Sold

Jordan Mulloy

Sands Investment Group

Contact

22 Listings
666 Views
0 Sold

Doug Roland

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Max Freedman

Sands Investment Group

Contact

56 Listings
2211 Views
0 Sold

Will Schuhmacher

Sands Investment Group

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24 Listings
991 Views
0 Sold

Max Freedman

Max Freedman is a recognized industry leader focused on the Restaurant/C-Store real estate, heads the Austin office and the SIG Restaurant Group. Max is a founding partner and opened the first SIG office in Santa Monica, CA in 2009, with Chris Sands. He has excelled in building the company’s team culture and strategies you see today. Max has a strong team mentality and has had an integral part in recruiting several agents to Sands Investment Group. SIG’s restaurant group consists of nine agen

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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