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742 S Forest Avenue - Hardee's, Luverne, AL

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742 S Forest Avenue - Hardee's

Luverne, AL 36049

(2.3 MB)

Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1985
Building Size:3,616 SF Land Area:1.32 AC (57,499 SF)
For Sale Price:$1,228,800 Price/SF:$339.82
Cap Rate:6.50 %
Parking:49 Surface spaces are available

Sale Notes:
The building is a 3,490 square feet and resides on 1.31 acres (57,064 SF) of land. Built in 1985, the subject property offers ample on-site parking.
Leased to PARADIGM INVESTMENT GROUP, LLC dba HARDEE' S RESTAURANT for 19 years from September 29, 2006 until October 30, 2025 (9+ years remaining). The current net annual rent of $78,306.00 increases by 2% every year throughout the primary term. The lease is absolute net with the tenant paying all expenses including taxes, insurance, maintenance as well as roof and structure. There are four 5-year options to renew at 95% of fair market value, but not less than 102% of the prior year' s rental. Excellent annual store sales.

The Kase Group
Michael Cisternino
(925) 388-0888

Sade Ghorban
(925) 357-2089

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