Catylist ID:
#30856572
| Catylist Listing ID: | 30856572 |
| Property Subtypes: | Restaurant |
| Building Size (RSF): | 3,975 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $3,500,000 |
| Unit Price: | $880.50 PSF |
| Is Quick-Service Restaurant? | Yes |
| Has Drive-Thru? | Yes |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | Hardee's |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 11/27/2023 |
Overview / Comments
|
This investment is located along the most traveled road, towards the most affluent town in East Tennessee with excellent visibility and access. It features stabilized income with a national credit tenant, with a healthy amount of term, and would be easily desired among replacement tenants who want to participate in this submarket. Farragut. TN community West of Knoxville and is home to many professionals, executives, and entrepreneurs. Farragut has a strong economy and a high standard of living. The median household income in Farragut is over $125,000, and the median home value is over $600,000. Farragut is also a desirable place to live because of its excellent schools, safe neighborhoods, and abundance of amenities. The town has a variety of parks, recreation facilities, and shopping options. Farragut is also home to several highly-ranked private schools. Hardee's Food Systems Inc. peak revenue was $920.0M in 2022. Hardee's Food Systems Inc. has 16,680 employees; the revenue per employee ratio is $55,155. Hardee's stock price over the last 3 years has gone from approx $55/share to $70/share. |
Attachments & Media
Additional Details
| Nearest MSA: | Knoxville |
| County: | Knox |
| Tax ID/APN: | 142 10201 |
| Retail Clientele: | General, Family, Business |
| Site Description: | This investment is located along the going home side of the most traveled road, towards the most affluent town in East Tennessee with excellent visibility and access. It features stabilized income with a national credit tenant, two points of access, great visibility, and with a healthy amount of term, and would be easily desired among replacement tenants who want to participate in this submarket. Hardee's Food Systems Inc. peak revenue was $920.0M in 2022. Hardee's Food Systems Inc. has 16,680 employees; the revenue per employee ratio is $55,155. Hardee's stock price over the last 3 years has gone from approx $55/share to $70/share. |
| Area Description: | The Farragut, TN community is West of Knoxville and is home to many professionals, executives, and entrepreneurs. Farragut has a strong economy and a high standard of living. The median household income in Farragut is over $125,000, and the median home value is over $600,000. Farragut is also a desirable place to live because of its excellent schools, safe neighborhoods, and abundance of amenities. The town has a variety of parks, recreation facilities, and shopping options. Farragut is also home to several highly-ranked private schools. |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 2,452 | 33,549 | 76,036 |
| Median Age: | 49.06 | 42.43 | 41.74 |
| Households: | 977 | 12,844 | 29,341 |
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