Historical Retail Sale Listing - Hardee's

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Hardee's

975 Glynn Street North, Fayetteville, GA 30214

N/A

3,255 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
3,255 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Restaurant
Retail Pad
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.25%
Occupancy:
100%
Tenancy:
Single
Year Built:
2012
Lot Size:
0.82 AC
Listing ID
17866391
Last Updated
over 1 year ago

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

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.

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

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Created 10/9/2012