
Hardee's (Selma)
1201 E Highland Avenue
Selma, AL 36703
PROPERTY SOLD
Property: Investment Sales
Square Footage: +/- 2,979
Acreage: +/- 0.92
Price: $2,118,000
Cap Rate: 5.75%
Description:
- 56 year old company with two brands and over 3,700 restaurants in 44 states and 38 other countries
- 20 year absolute NNN lease commenced August 2016 with 7.5% rent bumps every 5 years and four 5 year renewal options
- Relocation store from previous location less than 100 yards away that was originally built in 1972
- 17 year old franchisee company with +/- 126 restaurants in 9 states (www.paradigminvest.com)
- Corner site on market’s primary E-W traffic and commercial corridor (US Hwy 80) with +/- 23,830 cars per day in front of property
- 1 block from Selma Mall (+/- 404,800 SF) anchored by Belk and the retail hub for a 14 county region with a trade area population over 300,000
- Neighboring retailers include Walmart, Walgreens, CVS, AT&T, Verizon, GameStop, Hibbett, Cato, AutoZone, O’Reilly, Advance Auto and many more
- 1 block from Selma High School (+/- 980 students) and less than 2 miles north of downtown Selma (www.selmaalabama.com)


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