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2715 Taylor Rd, Montgomery, AL, 36117

Hardee’s
$1,872,579

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Highlights

INVESTMENT HIGHLIGHTS

  • National Brand – Carl Karcher Enterprises (CKE) is one of the largest QSR concepts with ±3,300 locations in 42 states and 28 countries.
  • Absolute NNN Lease – The tenant is responsible for all expenses providing an investor with passive income and no landlord responsibilities.
  • Attractive Demographics – There are approximately 103,019 people within a 5-mile radius from the property and an average annual household income north of $103,000 within a 1-mile radius.
  • High Density Retail Corridor – A large amount of retail is found just south of the I-85 on/off ramp along Taylor and Vaughn Rd. A few of the tenants are Starbucks, Waffle House, Publix Super Market, Dairy Queen, Zaxby’s, Burger King, Dunkin’ Donuts, Winn-Dixie, Circle-K, and McDonald’s.
  • New Construction Retail – A Walmart and new shopping center were recently developed adjacent to the Hardee’s property. This will benefit an investor by having a large increase in foot traffic being directed to the immediate area.
  • Interstate 85 – The subject property is located down the road from the I-85 highway that acts as a main artery directly to downtown Montgomery.

Location

Agents

Broker of Record

Hutt Cooke

License # 000168807-0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
7.25%
$ per SF
$613
Tot. SF
3,056
Year Built
2004
Type
Retail
NOI
$135,762