Tenant: Hardee’s | Mobile, AL Premises: 2,476 SF Renewal Options: 4 x 5 Years
Lease Expiration: 11/30/2035 Lease Type: Absolute NNN Rental Increases: 7.5% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,476 SF Hardee’s Absolute NNN Asset Located at 3225 Saint Stephen’s Road in Mobile, AL. This Deal Includes an Absolute Triple Net (NNN) Lease With Zero Landlord Responsibilities and Strong Rental Increases, Providing For a Secure Investment.
Property is Leased to a Subsidiary of Paradigm Investment Group an 77 Unit Hardee’s Operator With Locations in Alabama, Mississippi, and Tennessee
1 Acre Corner Lot on Saint Stephens Road That Sees Over 24,000 Cars/Day
Location is a Short 10 Minute Drive From Downtown Mobile
Mobile is the 3rd Largest MSA in Alabama With Major Industries Including Aviation, Oil & Gas, and Healthcare
Founded in 1960 by Wilber Hardee and acquired by CKE Restaurants Holdings, Inc. in 1997, Hardee’s restaurants are located throughout the Southeastern and Midwestern United States. For 60 years, Hardee’s has brought communities together with quality, delicious food. With more than 1,800 restaurants across the U.S., and locations in 14 countries, Hardee’s is committed to the best tasting food to better serve our guests–From Made From Scratch Biscuits and Hand-Breaded Chicken Tenders.
Paradigm Investment Group, LLC is a franchisee of Hardee’s® Food Systems, Inc. They offer exciting career opportunities in quick service restaurants across the Southeast United States. Through a series of divestitures, closures, acquisitions and new store development spanning a 22 year period, the Company today owns 82 Hardee’s restaurants in Huntsville, Montgomery and Mobile, AL, Pensacola, FL, Panama City, FL and Biloxi, MS.