Properties

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)