June 24, 2021 – Kyle Danielson and Justin Spillane of Horvath & Tremblay have successfully completed the sale of Hardee’s in Selma, Alabama. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,130,650.
Hardee’s is located at 1201 Highland Avenue in Selma, Alabama. The stand-alone building was constructed in 2016 and consists of 2,979 square feet and sits on a 0.92-acre lot, and benefits from a drive-thru. Hardee’s has approximately 15 years remaining on a long-term Absolute NNN lease that has four (4), 5-year renewal options. The lease calls for 7.5% rent increases every five years throughout the base lease term and at the start of each renewal option. The property benefits from outstanding frontage, visibility and access along Highland Avenue the primary retail corridor in the area. The restaurant itself is a proven success, as a relocation of an existing successful location less than one city block to the east of this current site. The restaurant is operated by Paradigm Investment Group, a multiple award-winning operator of more than 100 restaurants, and the third largest Hardee’s operator within the system.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.