14622 W NC Hwy 87 - Fast Food FOR SALE
Tar Heel, NC 28392 |
$1,910,244 USD
214-295-8753
14622 W NC Hwy 87
Tar Heel, NC 28392
HIGHLIGHTS
- Long-Term Lease | 11+ Years Remaining: The Property is secured by a corporate guarantee from Hardee’s Restaurants LLC with 11 years remaining
- Absolute NNN Lease | Passive Investment: The asset is leased on an absolute triple-net (NNN) basis
- Strong Store Sales | Above National Averages: This location reports consistent store sales well above the Hardee’s national average
- Attractive Rent Growth | 10% Increases Every 5 Years: The lease features 10% rental escalations every five years
- Limited Competition | Captive Trade Area: The immediate market features limited quick-service competition
- Essential Workforce-Oriented Location: The surrounding area is heavily driven by industrial and workforce activity
FOR SALE DETAILS
PRICE
$1,910,244 USD
PRICE/SF
$781 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
C
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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214-295-8753
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214-295-8753
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