Properties

Hardee's, Atmore

25 Lakeview Circle
Atmore, AL 36502

PROPERTY SOLD

Property: Investment Sales

Square Footage: 2,789

Acreage: 0.87

Price: $1,229,000

Cap Rate: Call

Description:

• Loacted approx. 1/4 mile off I-65 across from the Windcreek Casino and Hotel
• 2,789 square foot building developed on .87 acre that opened in May 2009
• Positioned at entrance to a 740 acre mixed use development called Rivercane
• Hardee’s is on a 20 year absolute NNN lease with 10% rent bumps every 5 years
• Franchisee operator with approx. 90 locations throughout AL, FL, and MS
• Transaction closed escrow on November 17, 2009 for approx. $1,229,000
• Buyer was a private family trust out of CA and paid all cash for the property