Properties

Hardee's

3 Pelham Road
Greenville, SC 29615

PROPERTY SOLD

Property: Investment Sales

Square Footage: +/- 3,037

Acreage: +/- 1.12

Price: $2,820,000

Cap Rate: 5.25%

Description:

• 56 year old company with two brands and over 3,700 restaurants in 44 states and 38 other countries
• 20 year NNN corporate lease commenced September 2015 with 7% rent bumps every 5 years
• Class A construction on A+ corner real estate at a busy intersection in a dense commercial area
• Traffic counts of +/- 35,000 cars per day in the immediate vicinity
• 3 mile radius population of 67,360 and average HH income of $60,352
• 1 mile from Bob Jones University with an enrollment of +/- 3,000 students
• 3 miles from downtown Greenville, the Upstate’s economic hub with 20,000 daytime employees
• Greenville, with a CSA population of 1.5 million, is ranked on numerous Top 10 lists including Forbes, CNN Money and Huffington Post