Listed by Texas Triangle Commercial Real Estate
$1,200,000
Hardee's - Mobile Alabama
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,476
Cap Rate 8.00%
NOI $96,136
Occupancy 100%
Tenancy Single
Brand/Tenant Hardee's/Carl's Jr
Lease Type Absolute NNN
Lease Expiration 11/30/2035
Remaining Term 9.5
Rent Bumps Yes
Lease Options Two, 5-Yr Options @ 7.5%
Price per SqFt $485
Year Built 2015
Acreage 0.950
Investment Type Net Lease
Ground Lease No
Retail | 8.00% CAP | 2,476 SqFt
Marketing description
The property benefits from strong surrounding retail synergy, including Walmart, Dollar General, CVS, Aaron's, O'Reilly Auto Parts, and other national tenants. It is positioned less than 1 mile from I-65, the primary north-south highway, with solid demographics supporting consistent traffic and demand.
Perfect for investors seeking a national-brand, single-tenant asset with predictable cash flow, built-in rent growth, and strong long-term fundamentals in the Southeast.
20 year absolute NNN lease commenced December 2015 with 7.5% rent escalations every 5 years
Investment highlights
- Strong surrounding retail including Walmart, Dollar General, CVS, and other national tenants.
- Signalized corner location on a main commercial corridor with over 25,000 cars per day at property
- Less than 1 mile off I-65, the state's primary N-S highway with over 71,000 cars per day at the exit
- 8 miles NW of downtown Mobile in a trade area of 90,600+ residents in a 5 mile radius
- 55 year old brand with more than 1,930 restaurants in 30 states and internationally
- 20 year absolute NNN lease commenced December 2015 with 7.5% rent bumps every 5 years
Listing Contacts
Listed by Texas Triangle Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,136.00
$8,011.33/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
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