Properties

Hardee's, Anderson

100 Fritz Drive
Anderson, SC 29621

PROPERTY SOLD

Property: Investment Sales

Square Footage: 2,854

Acreage: 0.71

Price: $1,195,000

Cap Rate: Call

Description:

• Located in the Greenville MSA with a population of approximately 1.25 million
• 2,854 square foot building developed on .71 acres completed in December 2008
• Outparcel to a recently developed Kohl’s, Dick’s and Staples shopping center
• Hardee’s is on a 20 year NNN ground lease with 10% rent bumps every 5 years
• Hardee’s Food Systems, Inc. has approximately 1,900 locations in 30 states
• The all cash transaction closed escrow on January 7, 2010 for $1,195,000
• Buyer was a private investment group out of CA completing a 1031 exchange