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Hardee’s, Bonaire, GA

Hardee’s

GA, United States

Price $2,228,600
Cap Rate
NOI
Lease Term 20 Years
Lease Type
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2016
Building Size Approximately 2,986 SF
Lot Size 1.30 Acres (56,794 SF)
Status Sold
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Executive Managing 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 rental increases every five years in initial term and option periods, providing a hedge against inflation
» Tenant/guarantor is the second largest Hardee’s franchisee in the U.S.

HIGH-TRAFFIC LOCATION NEAR MAJOR EMPLOYERS AND TOURIST ATTRACTIONS
» 31,260 vehicles per day at the signalized hard corner of Highway 129 and Sandy Run Road
» Close proximity to Robins Air Force Base, the largest employer in Houston County, with 24,500 employees
» Near the Museum of Aviation, the largest tourist attraction outside of Atlanta in the state of Georgia

BRAND NEW CONSTRUCTION
» Built in 2016 to tenant’s exact specifications
» Latest Hardee’s prototype
» Features a dedicated drive-thru, providing additional convenience to customers and increasing sales revenue

WARNER ROBINS MSA MARKET
» One of the fastest-growing communities in Georgia
» Georgia was named the “Top State for Doing Business” in 2013 and 2014

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the signalized hard corner of Highway 129 and Sandy Run Road, with excellent access and visibility to 31,260 vehicles per day at the intersection. The property is directly across from Landing Pointe, a shopping center housing several local retailers. A number of major national retailers are located northwest of the site, including Walmart, Kroger, and Walgreens.

The property benefits from its close proximity to the largest employers in the area and major tourist attractions. Robins Air Force Base is four miles from the subject property down Highway 129, and is one of the largest employers in Georgia, with 24,500 employees. Highway 129 also leads to Anchor Glass Container Corporation’s Warner Robins plant, which is located less than two miles from the subject property. The company is the tenth-largest employer in Houston County. Other major employers located near the site include Houston Healthcare, Perdue, Frito-Lay, and Northrop Grumman. All of these companies are among the top 10 largest employers in Houston County. Additionally, The Museum of Aviation is located less than two miles from the property down Highway 129. The museum is the second-largest aerospace museum of the U.S. Air Force and is the largest tourist attraction outside of Atlanta in the state of Georgia.

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