|
 |
|
| Hardee’s |
Highway 67 and Highway I-65, Decatur, Alabama
Purchase Price: $1,270,000
• Eighteen (18) Year Primary Lease Term
• ABSOLUTE NET LEASE (No landlord responsibilities)
• Fixed rent increases of 2% paid annually
• Four (4) x 5-year options
Land Area: ± 1.94 acre, Building Area: ± 3,655 SF
|
|
|
Willis Ventures is excited to announce that our brokerage has closed escrow on a Hardee's in Decatur, Alabama. The property sold for $1,270,000 with a 7.0% capitalization rate.
Paradigm Investment Group was formed in 1999 to take advantage of the resurging Hardee’s Restaurant brand. Currently Paradigm operates 98 Hardee’s in AL, FL, MS, TN and IL. The Company also has strong presence in the reginal markets of the Southeast including the fast growing Florida panhandle. Paradigm has generated steady sales growth over the past three years with the twelve months ending October 2005 posting substantial same store sales growth over fi scal year 2003. Hardee’s Th ickburgers successfully carves a unique niche within the competitive burger segment and drove strong 2003 and 2004 same store sales. CitySearch audience poll voted Hardee’s “Best Burger 2005” in 15 of Hardee’s major DMAs.
The subject property is located near the NWC of Alabama’s Higway 67, just off the Point Malfard Pky SE and Highway I-65 in Decatur, Alabama with a population of 54,909. National retailors in the area include Wal-Mart, Family Dollar Store, Rite Aid, CVS, Kmart, Dollar General, Kroger, Wendy’s, Subway Sandwiches, Burger King, McDonald’s, Dairy Queen and Waffle House.
|
|
