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Auction

Hardee's | Bluefield, WV

NNN Lease | Increases 1.50% Annually

Listing Contacts

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Auction

Bidding Starts: Mar 24 3:00 PM
Starting Bid:$100,000
Terms & Bid History
Address 

901 Bluefield Ave, Bluefield, WV 24701

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Auction Added
Feb 21, 2025
Time Since Last Update
15 hours

Details

Property TypeRetail
SubtypeQSR/Fast Food
Lease TypeNNN
TenancySingle
Brand/TenantHardee's/Carl's Jr
Rent Commencement06/27/2007
Lease Expiration06/30/2027
Remaining Term2.3 years
Square Footage4,074
Occupancy100%
NOI$97,001
Year Built1987
ZoningGeneral Commercial - C
Lot Size (acres)0.92
Rent BumpsIncreases 1.50% Annually
APN28-03- 16-0194.0000; 28-03- 16-0166.0000
Lease OptionsTwo, 5-Year Options

Marketing Description

Licensed Auctioneer of Record: Stephen Dawson, WV 2498.​

For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | hladenheim@crexi.​com.​

Introducing an exceptional investment opportunity at 901 Bluefield Ave in Bluefield, WV.​ This property boasts a prime location on Bluefield Ave.​ with high visibility and daily traffic of over 16,000 vehicles.​ Situated near Bluefield State University and alongside prominent retail tenants, this Hardee's location has been a staple in the community for over 36 years.​ Featuring an absolute NNN lease with a seasoned operator, Mountain Star, LLC, guaranteeing the lease for 21 Hardee's locations, this investment offers a stable income stream.​ The lease includes 1.50% annual rent increases, providing protection against inflation.​ With a drive-thru option and a lease term through 2027, this property presents a rare opportunity for investors seeking a long-term, low-maintenance investment.​ Don't miss out on owning a piece of this thriving market with a renowned tenant.​ Contact us today to learn more about the potential this property at 901 Bluefield Ave has to offer!

·       Non-Contingent

·       Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price

·       Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum

·       $10,000 Participation Deposit

901 Bluefield Ave, Bluefield, WV 24701

Investment Highlights

  • Licensed Auctioneer of Record: Stephen Dawson, WV 2498

  • Zero Landlord Responsibility - Absolute NNN lease. The tenant is responsible for paying the property taxes, insurance, and maintenance.

  • Seasoned Operator - The lease is guaranteed by Mountain Star, LLC who operates 21 Hardee’s locations.

  • Long Term Tenancy - The tenant has operated at this site for over 36 years.

  • Annual Rental increase - The lease calls for 1.50% annual increases providing an excellent hedge against inflation.

Due Diligence

Please execute confidentiality agreement to access the due diligence

Listing Contacts

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Broker Name
Brayden Conner
Broker License
WV - WVB250301071
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