105 N Mechanic St - Fast Food FOR SALE


Franklin, VA 23851
$1,741,837 USD
917-697-3215
105 N Mechanic St, Franklin, VA for Sale
$1,741,837 USD
Fast Food - FOR SALE
1/2
null | 6.15% Cap Rate

105 N Mechanic St
Franklin, VA 23851


HIGHLIGHTS

  • Newly Extended 10-Year Absolute Triple Net (NNN) Lease
  • Five and a Half Percent (5.50%)of Annual Sales in Percentage Rent
  • Recent 2023 Remodel of the Location | Tenant Covered All Costs Showing Strong Commitment

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Hardee’s located at 105 N Mechanic Street in Franklin, VA. The site consists of roughly 3,336 rentable square feet of building space on estimated 0.67-acre parcel of land. This absolute triple-net (NNN) lease was recently extended by 10 years in August 2023. The current annual rent is $80,000 and the landlord has received an average of $25,164 in additional percentage rent over the past three years. The tenant has 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$1,741,837 USD

PRICE/SF

$522 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardee's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

B2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Anthony BirdNNN Pro GroupMore Info
917-697-3215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Anthony BirdNNN Pro GroupMore Info
917-697-3215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.