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Hardee’s Ground Lease, Jasper, AL

Hardee’s Ground Lease

Jasper, Alabama

Price $1,398,000
Cap Rate 4.65% Return
NOI $65,000
Lease Term 20 Years
Lease Type Absolute NNN Corporate Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years Starting Year 11
Year Built 2022
Building Size 3,070 SF
Lot Size 0.8 Acres (34,848 SF)
Status Available
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

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

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN CORPORATE GROUND LEASE WITH SCHEDULED RENTAL INCREASES
» New 20-year absolute NNN corporate ground lease
» No landlord management, ideal for an out-of-area investor
» 10% rental increases every five years starting on year 11, providing a hedge against inflation
» New 2022 remodel featuring drive-thru for added customer convenience

HIGH-VISIBILITY LOCATION IN DENSE RETAIL CORRIDOR NEAR STRONG TRAFFIC DRIVERS
» Located along Highway 78, with excellent visibility and access to 26,531 vehicles per day
» Across from Jasper Mall (31 stores, 350,000 SF) and surrounded by national tenants such as Walmart Supercenter, Walgreens, CVS Pharmacy, Hobby Lobby, Big Lots, Verizon Wireless, AT&T, Chick-fil-A, McDonald’s, and many more
» 1.5 miles from Bevill State Community College (3,526 students) with proximity to several well-attended schools including Valley Elementary/Junior High School (617 students), Jasper High School (592 students), and many others
» Situated less than a mile from four hotels with 280 rooms, providing an ideal customer base
» Less than three miles from Walker Baptist Medical Center (267 beds)

CENTRAL LOCATION NEAR ALABAMA’S MOST POPULOUS CITY
» Near many single family housing developments and apartment complexes including The Bluff Apartments (60 units) and Mountainside Apartments (56 units)
» Average annual household income of $73,690 within one mile (projected 8 percent growth by 2026)
» Beneficial proximity to Walker County Airport-Bevill Field and Birmingham-Shuttlesworth International Airport (Alabama’s largest airport)
» Gateway to Birmingham, the most populous city in Alabama (209,403 population)



Property Description

Hardee’s is located along U.S. Highway 78, with excellent visibility and access to 26,531 vehicles per day. The property is across from Jasper Mall (31 stores, 350,000 SF) and surrounded by national tenants such as Walmart Supercenter, Walgreens, CVS Pharmacy, Hobby Lobby, Big Lots, Verizon Wireless, AT&T, Chick-fil-A, McDonald’s, and many more. The site is 1.5 miles from Bevill State Community College (3,526 students) with proximity to several well-attended schools including Valley Elementary/Junior High School (617 students), Jasper High School (592 students), and many others. The property is situated less than a mile from four hotels with 280 rooms, providing an ideal customer base. The site is less than three miles from Walker Baptist Medical Center (267 beds).

The property is near many single family housing developments and apartment complexes including The Bluff Apartments (60 units) and Mountainside Apartments (56 units). 20,143 residents reside within a five-mile radius of the site. The average annual household income is $73,690 within one mile and is projected to increase eight percent by 2026, poising Hardee’s and Jasper for concurrent growth. The property maintains beneficial proximity to Walker County Airport-Bevill Field and Birmingham-Shuttlesworth International Airport (Alabama’s largest airport). The location is a gateway to Birmingham, the most populous city in Alabama (209,403 population).

Contact Us About This Property



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