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Hardee's - Blackstone VA 101 N Main St 2,860 SF Retail Building Blackstone, VA 23824 $899,999 ($314.68/SF) 7.57% Cap Rate
Investment Highlights
- Recent 3-Year Extension | Established Brand | Largest Hardee’s Franchise Operator (330+ Units)
- Along N Main St (11,000 VPD) | Excellent Visibility & Access | Strong National/Credit Tenant Presence
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-mile Trade Area
Executive Summary
• The tenant just recently extended their lease for an additional 3 years with a 1 (2-year) option to extend, demonstrating their commitment to the site
• The lease is guaranteed by Boddie-Noell which is the largest Hardee’s franchisee in the United States with 330+ units
• Hardee’s Restaurants LLC has over 1,600 franchised or company-operated restaurants in 31 states and consistently ranks in the Top 50 of the Top 500 U.S. Restaurant Chains
• The lease is guaranteed by Boddie-Noell which is the largest Hardee’s franchisee in the United States with 330+ units
• Hardee’s Restaurants LLC has over 1,600 franchised or company-operated restaurants in 31 states and consistently ranks in the Top 50 of the Top 500 U.S. Restaurant Chains
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,860 SF
Building Class
B
Year Built
2014
Price
$899,999
Price Per SF
$314.68
Cap Rate
7.57%
NOI
$68,106
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.38 AC
Parking
63 Spaces (22.03 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100
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Hardee's - Blackstone VA | 101 N Main St
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