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

Hardee's, Montgomery MSA

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Contact

Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile