Hardee's
3,056 SF | Retail Building | Danielsville, GA 30633 | $1,463,000 ($479/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,463,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,056 SF
- Price / Square Foot
- $479
Listing Contacts
Robert Schmidt, CCIM
Verified Profile
Peter Couchell, CCIM
Verified Profile
- Property Info
Property Overview
Corporate Hardee's | 3% Fee to Procuring Broker | 8.75 Years Remaining | 7.25% Cap | Athens GA MSA
Attractive Lease Terms: This offering features an absolute net lease with an impressive remaining term of ±8.75 years plus options, ensuring consistent and dependable rental income.
Strong Corporate Guaranty: The subject property is under the operational management by Hardee’s Restaurants, LLC. This corporate guarantee underscores the stability and reliability of the lease.
Favorable Rent Growth: The lease structure includes compelling rental escalations, offering 10% rent increases every 5-years during the initial term and, subsequently, the greater of 10% or CPI adjustments during all option periods.
Ample Site Size: The property boasts a substantial land area of nearly 2 acres, featuring 34 dedicated parking spaces, enhancing its appeal and functionality.
Thriving Greater Market: Located in the Athens, Georgia MSA comprising a population of 485,000 residents, and home to the University of Georgia with over 40,000 students, this property is situated in a dynamic and growing market with promising investment potential.
Attractive Lease Terms: This offering features an absolute net lease with an impressive remaining term of ±8.75 years plus options, ensuring consistent and dependable rental income.
Strong Corporate Guaranty: The subject property is under the operational management by Hardee’s Restaurants, LLC. This corporate guarantee underscores the stability and reliability of the lease.
Favorable Rent Growth: The lease structure includes compelling rental escalations, offering 10% rent increases every 5-years during the initial term and, subsequently, the greater of 10% or CPI adjustments during all option periods.
Ample Site Size: The property boasts a substantial land area of nearly 2 acres, featuring 34 dedicated parking spaces, enhancing its appeal and functionality.
Thriving Greater Market: Located in the Athens, Georgia MSA comprising a population of 485,000 residents, and home to the University of Georgia with over 40,000 students, this property is situated in a dynamic and growing market with promising investment potential.
Property Details
- Class
- C
- Year Built
- 1995
- Stories
- 1
- Lot Size (sq. ft)
- 83,635 SF
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