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Hardee’s, Cartersville, GA

Hardee’s

GA, United States

Price $1,700,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases 10% every five years
Year Built 2015
Building Size 2,832 sq. ft.
Lot Size 0.683 Acres (29,751 sq. ft.)
Status Sold
Lead Broker Information Scott Crowle
Senior Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Investment Highlights

LOW-RISK, PASSIVE INVESTMENT
» Brand new 20-year NNN lease with no landlord responsibilities
» 10% fixed rent increases every five years in primary term and extension
periods, offering hedge against inflation
» Tenant/guarantor is 2nd largest Hardee’s franchisee in U.S.
» Below market rent because Tenant paid for own equipment
» Building was completely retrofitted from the ground up with all new systems
and roof in 2015 to Tenant’s specifications

ñMAIN & MAINî HARD-CORNER LOCATION
» Located at 2nd busiest signalized intersection in the Cartersville market
» Less than a mile from Cartersville High School, Cartersville City Offices, and
Bartow County Administrative Offices
» Infill location with limited restaurant competition

ECONOMICALLY DIVERSE ATLANTA MSA MARKET
» Dominant industries include floor coverings, tires, beer, electricity, steel,
textile, automotive components, and marine/agriculture
» Very wide 25-mile trade area

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located on the corner of South Tennessee Street and East Main Street, a major retail thoroughfare averaging 31,920 vehicles per day. The site is just off of U.S. 41, which experiences traffic volumes of 27,000 vehicles daily. The property is located near a dense retail hub. Cartersville Village Shopping Center is directly next to the site, featuring national tenants such as AutoZone, Cricket Wireless, and Family Dollar. Numerous shopping centers are located half a mile away from the property, down East Main Street. These centers include major national and regional retailers like Target, Academy Sports + Outdoors, Rent-A-Center, Kroger, Bojangles’, Famous Footwear, Belk, and many others. The site is also located close to many important community locations. The Cartersville City and Bartow County public offices are located 0.3 miles from the property, as is the Booth Western Art Museum, the second largest art museum in Georgia. Cartersville High School, with 1,099 students, is within walking distance of the site, and provides a strong customer base for Hardee’s.

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