RealtyLink Development

Hardee's (Mobile MSA) (In Contract)

3225 St. Stephens Road
Prichard, AL 36612

Property: Investment Sales

Square Footage: +/- 2,476

Acreage: +/- 0.95

Price: $1,981,000

Cap Rate: 6.0%

Description:

  • 55 year old brand with more than 1,930 restaurants in 30 states and internationally
  • 20 year absolute NNN lease commenced December 2015 with 7.5% rent bumps every 5 years
  • Third largest franchisee in the Hardee’s system with +/- 110 restaurants in 5 southeast states
  • Signalized corner location on a main commercial corridor with over 25,000 cars per day at property
  • Less than 1 mile off I-65, the state’s primary N-S highway with over 71,000 cars per day at the exit
  • 8 miles NW of downtown Mobile in a trade area of 90,600+ residents in a 5 mile radius