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Hardee’s

5101 Vaughn Rd, Montgomery, AL 36116, United States
$970,000 7.5% Cap 3,945 sq ft Built 1988 Actual Site Photo Print This Page

Location

5101 Vaughn Rd, Montgomery, AL 36116, United States

Price: $970,000
CAP Rate: 7.50%
Net Operating Income: $72,800
Building Size: 3,945 SF
Lot Size: 1.45 AC
Year Built: 1988

100% Fee Simple InterestAbsolute NNN LeaseAnnual IncreasesStrong and Experienced OperatorZero Landlord Obligations

The Kase Group is pleased to present a free standing Hardees restaurant for sale in Carencro, Montgomery, Alabama. The absolute NNN lease calls for zero landlord obligations with over seven years remaining on the initial term. There are annual rental increases of 2% during the initial lease term and throughout the options. The lease will be guaranteed by Paradigm Investment Group, currently the third largest Hardee’s operator in the country with 120 locations. The property is located on a major commercial thoroughfare and is an outparcel to TJ Maxx and Dollar General off Highway 80.

Montgomery is the capital city of Alabama. The black granite Civil Rights Memorial and adjacent exhibition center commemorate the Civil Rights Movement. Martin Luther King, Jr. preached at the Dexter Avenue Baptist Church, a hub for the Montgomery bus boycott. Close by is the domed, 1850s Alabama State Capitol. East of downtown, the Montgomery Museum of Fine Arts displays porcelain and American and African art.

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