Properties

Hardee's, Decatur

810 6th Avenue Northeast
Decatur, AL 35601

PROPERTY SOLD

Property: Investment Sales

Square Footage: 2,500

Acreage: .54

Price: $1,700,500

Cap Rate: Call

Description:

• Located in the CBD along the Tennessee River about 6 miles from I-65 and 25 miles west of Huntsville
• 2,500 SF quick service restaurant developed on about .54 acres and completed in January 2014
• 20 year NNN franchisee lease with rent bumps that commenced in February 2014
• Al cash transaction closed in January 2014 for about $1.64 million
• Buyer was a local individual investor completing a 1031 exchange