Hardee's 901 Bluefield Ave

901 Ave , Bluefield, West Virginia, 24701 | 4,074 sq.f | $ 955,550

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About This Restaurant

Investment Highlights

Zero Landlord Responsibility ? Absolute NNN lease. The tenant is responsible for paying the property taxes, insurance, and maintenance. Long Term Tenancy ? The tenant has operated at this site for over 36 years. Main Arterial Location ? The property benefits from excellent visibility and exposure being located on Bluefield Ave Seasoned Operator ? The lease is guaranteed by Mountain Star, LLC who operates 21 Hardee?s locations. Annual Rental Increase ? The lease calls for 1.50% annual increases providing an excellent hedge against inflation. University Proximity ? The property is ?0.5 miles from Bluefield state university that has an enrollment and staff of over 2,000 people.

Executive Summary

The subject property is a single-tenant, freestanding Hardee?s restaurant absolute net leased to Mountain Star, LLC (dba Hardee?s) a 21-unit franchisee. The lease calls for 1.5% annual rent increases. The property is located on Blue?eld Avenue, the city?s main arterial, with nearby tenant?s including McDonald?s, Dollar General, AutoZone, Dairy Queen, NAPA Auto Parts, and others. There are more than 23,000 residents in a 5-mile radius with average household income exceeding $60,000. Hardee?s is two blocks from Blue?eld State University, the region's leading institution of higher education.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant General Retail Storefront Fast Food
  • Building Size    4,074
  • Building Class    C
  • Year Built    1987
  • Price    955,550
  • Price Per SF    235
  • Cap Rate    10
  • NOI    95,555
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.18
  • Land Acres    0.52 AC

Amenities

  • Pylon Sign
  • Drive Thru

Property Taxes

Parcel Number 03-16-01660000 Improvements Assessment $41,640
Land Assessment $426,420 Total Assessment $468,060
Date Created: 2024-07-16 04:25:44 Last Updated: 2024-07-16 04:25:44
Address: 901 Ave , Bluefield, West Virginia, 24701