Cap Rate
5.75%
Year Built
1981
Leasable Area
3,824 SF
Term Remaining
±14 YRS
NOI
$108,000
Property Type
Retail
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS:
- Atlanta, GA MSA – The site is located just 1 hour outside of downtown Atlanta, one of the hottest and most desirable MSAs to invest in commercial real estate assets.
- Abs NNN Lease – The tenant is responsible for all landlord and maintenance responsibilities, allowing an investor to enjoy a fully passive stream of income.
- Long-Term Lease – 14 years remain on the base term of the lease. The base term is followed by 4, 5-year option periods.
- Hard Signalized, Heavily Trafficked Corner – Hardee’s is strategically located at the signalized intersection of Buford Dr and Buford Hwy which sees over 40,000+ VPD
- Strong Retail Pocket – With several shopping centers and national retailers in the immediate trade area, the subject Hardee’s benefits from a thriving industrial/retail corridor ensuring steady customer traffic.
- Buford Academy and Sports Complex – The site is located just 3 miles from Buford High School and Sports Complex, an elite academic and sports institution that is rated the #2 best public high school in Gwinnett County.
TENANT AND PROPERTY HIGHLIGHTS:
- Large Acre Lot with Drive-Thru – The property sits on a large 0.83 AC parcel and features a drive-thru, allowing for flexible redevelopment and future usability of the building and parcel
- Recent Tenant Improvements – The tenant recently renovated the exterior of the building with a new paint job and repaved the parking lot, demonstrating their commitment and fondness to this location.
- Franchise Tenant with Long-Term Track Record – Hardee’s has operated successfully at this location for 45 years since it was built here in 1981. *Please note that the property was part of the Summit Restaurant Holdings bankruptcy in 2023 and was one of the 80 restaurants acquired by ARC Burger, LLC*. Please see Broker for details.
- High Bluff Capital Partners – A private equity firm based in San Diego, CA that owns and operates several hundred restaurants across multiple different brands, including Hardee’s, Quiznos, Church’s Chicken, and Taco Del Mar.
- National Operator – Hardee’s offers landlords and prospective purchasers with a national quick-service brand with a strong presence throughout the Midwest and Southeast.
Broker of Record
- Bill Pedersen
- License No. 80041 (GA)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203