324 S Center St - Fast Food FOR SALE


Hildebran, NC 28637
$1,752,000 USD
818-981-4910
324 S Center St, Hildebran, NC for Sale
$1,752,000 USD
Fast Food - FOR SALE
1/9
null | 7% Cap Rate

324 S Center St
Hildebran, NC 28637


HIGHLIGHTS

  • Absolute NNN Lease with Zero Management Required
  • Long-Term Occupancy for almost 40 years
  • Corporate Lease with Major National Tenant
  • Ranked in the Top 2/3rd of Hardee’s locally and nationwide according to Placer.AI
  • 10% Rental Increases Every 5 Years
  • Oversize Parcel with Drive-Thru and Great Visibility to I-40 (49,000 VPD)

OVERVIEW

This absolute NNN leased property boasts a national "corporate" tenant, Hardee's Restaurant Holder LLC, a subsidiary of CKE Restaurants Holdings, Inc. With a prime location just off Interstate 40, this property sees over 49,000 vehicles daily and offers various neighboring businesses like Valero, Bojangle's, Dollar General, and Truist Bank. Baker Furniture, Lexington Upholstery, MillerKnoll (formerly Geiger Furniture), Zion Industries, Synergy Labs all have plants in the immediate vicinity. Situated in the Hickory-Lenoir-Morganton metro area, this town is strategically positioned with Hickory and Morganton just a short drive away. Recognized for its quality of life and business-friendly environment, the area boasts a strong population of over 36,000 within a 5-mile radius, with an average household income exceeding $65,000 annually. Listed in conjunction with New South Properties of the Carolinas LLC - Broker of Record

FOR SALE DETAILS

PRICE

$1,752,000 USD

PRICE/SF

$467 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Hardees

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

58,121 SF

ZONING

HIGHWAY BU

APN/PARCEL ID

23986

ASK ABOUT THIS PROPERTY

Matt WatermanPegasus InvestmentsMore Info
818-981-4910

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Matt WatermanPegasus InvestmentsMore Info
818-981-4910

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.