This Retail Property is Off-Market.

975 Glynn Street North
Fayetteville, GA 30214 ·

3,255 SF · Retail For Sale

N/A

Print

Hardee's

Price N/A Cap Rate 7.25%
Building Size 3,255 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type
Free Standing Bldg
More...
  • Restaurant
  • Retail Pad
Year Built 2012
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.82 AC
Listing ID: 17866391 Date Created: 10/09/2012 Last Updated: 02/05/2013

Description

CKE Restaurants, Inc. - Carl Karcher Enterprises' Restaurants, Inc. acquired Hardee' s in 1999. Founded by Carl' s Jr. entrepreneur Carl Karcher in 1964, CKE today owns, operates, franchises and/or licenses 3,159 quick-service restaurants (QSR), primarily under the brand names Carl' s Jr. and Hardee' s , both of which offer innovative, premium products intended to appeal to a target audience of young, hungry guys.

Biscuits and Burgers, L.L.C. - The franchisee, Biscuits, and Burgers, L.L.C. is owned by Steve Rosenfield and Dewey Buddy Brown and based in Lakewood, CO. Mr. Rosenfield has over 40 years of restaurant and real estate experience. His past experience includes owning and operating numerous McDonalds, Burger King, and Tony Roma' s locations. The franchisee currently owns and operates 99 Hardee' s and Carl' s Jr. restaurants. Strong personal guarantee included as part of the lease.

Hardee' s is strategically located in the center of one of Atlanta' s most dynamic and affluent suburbs. The site is on the north bound side of Glynn Street North (31,940 Cars / Day) which is a segment of State Highway 85. State Highway 85 begins 1.2-miles south of Hartsfield-Jackson Atlanta International Airport and extends south to southwest towards Columbus, Georgia' s 3rd most populous city. A Chik-fil-A location neighboring the site with annual sales of $5 million demonstrates the economic vitality of the immediate trade area. This geographic advantage has drawn additional concepts such as KFC, Taco Bell, Popeye' s Chicken, and Krystal to invest themselves in this area. National big box retailers such as Wal-Mart, a Super Target, Home Depot, Dick' s Sporting Goods, Bed Bath & Beyond, Sports Authority, and Kohl' s are located near the subject property.

Highlights

  • New Renovation at Heavily Travelled Hard Corner
  • Hardee's Franchisee: Biscuits & Burgers, LLC | 99 Hardee's & Carl's Jr. Stores
  • New 20-Year, NNN Lease With 7.5% Rent Increases Every 5-Years
  • Along Glynn Street North (31,940 Cars / Day)
  • Nearby Retailers: Walmart, Super Target, Kohl's Home Depot, Publix, Dick's, Belk
  • Metro Atlanta Location | $102,860 Mean Annual HH Income Within 1-Mile Radius

Research

975 Glynn Street North, Fayetteville, GA 30214 (Fayette County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Fayetteville Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

  • 1467 Highway 92 N
    1467 Highway 92 N

    Fayetteville, GA 30214

    For Sale · $600,000

    2,400 SF Building

    Service/Gas Station

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)