Properties

Hardee's, Montgomery, Atlanta Highway

5401 Atlanta Highway
Montgomery, AL 36109

PROPERTY SOLD

Property: Investment Sales

Square Footage: 2,489

Price: $1,324,895

Cap Rate: Call

Description:

• Located 5 miles east of downtown Montgomery in a commercially dense trade area
• 2,489 SF restaurant developed on a .55 acre outparcel to Montgomery East Plaza
• Positioned on US Hwy 80 between Faulkner University and Eastdale Mall (964,717 SF)
• Hardee’s franchisee is on a new 20 year NNN lease with rent bumps every 5 years
• The transaction closed escrow on October 28, 2010 for $1,324,895
• The all cash buyer was a high net worth investor out of Nashville, TN