About This Restaurant
Investment Highlights
Absolute NNN Lease: ? 11.5 YRS remain w/ 4-5 YR options to renew Franchise Lease Guaranty Rent Increases: Fixed 10% every 5 YRS (next as of January 2026) Fee Simple Ownership (land & building)
Executive Summary
CIRE Partners is pleased to present a single-tenant net leased investment property in Sandersville, Georgia, which is centrally located between Macon and Augusta, as well as Atlanta and Savannah. The subject property is occupied by Hardee?s and located at 195 Walmart Circle. The site consists of an approximately 3,037 square foot building on an approximately 0.88 acre parcel of land.Strategically located on an outparcel to a Walmart Supercenter and at a signalized intersection along Georgia State Route 15, the subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, and a local trade area that provides demand and synergy. Neighboring national credit tenants include TitleMax, Murphy USA, Dollar Tree, Domino?s, Tractor Supply Co, Huddle House, Dairy Queen, and O?Reilly Auto Parts. In addition, this Hardee?s property features a drive-thru and pylon signage.This Hardee?s property is one of approximately 1,700 in the entire Hardee?s restaurant system and has operated at this same location since it was built in 2015. ARC Burger, the franchisee and lease guarantor, operates approximately 81 Hardee?s restaurants and its parent company, High Bluff Capital Partners, also operates Church?s Chicken, Quiznos, and Taco Del Mar. The strength of the operator, combined with a strategic location, equates to a highly demanded and seasoned property.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 3,037
- Building Class A
- Year Built 2015
- Price 1,238,585
- Price Per SF 408
- Cap Rate 7
- NOI 86,701
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.88 AC
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Date Created: | 2024-07-16 04:13:36 | Last Updated: | 2024-07-16 04:13:36 |
Address: | 195 Walmart Cir , Sandersville, Georgia, 31082 |