Properties

Hardee's, Montgomery MSA

95 Folmar Parkway
Hope Hull, AL 36043

PROPERTY SOLD

Property: Investment Sales

Square Footage: 2,476

Price: $1,658,000

Cap Rate: Call

Description:

• Located about 8 miles SW of Montgomery just off I-65 near the Regional Airport
• Brand new 2,500 SF quick serve restaurant with drive-thru completed in March 2014
• 20 year NNN franchisee lease with rent bumps that commenced in April 2014
• Transaction closed escrow in May 2014 for approximately $1.67 million
• Financed buyer was a private family trust out of California completing a 1031 exchange