Hardee’s 10+ Year NNN Lease | Signalized Intersection

12275 Lillian Hwy, Pensacola, FL 32506, USA
$2,426,812

Description

Marcus & Millichap is pleased to present for sale this Hardee’s Fast-Food restaurant with drive thru located at 12275 Lillian Highway in Pensacola, Florida. Pensacola is the westernmost city and county seat of Escambia County with a population of over 52,975 and is part of the Pensacola Metropolitan Area with a population of over 502,629. Pensacola has been called “The Cradle of
Naval Aviation” because the Naval Air Station Pensacola was the first Naval Air Station commissioned by the U.S. Navy in 1914 and tens of thousands of naval aviators have received their training there, including John H. Glenn and Neil Armstrong who was the first man to set foot on the moon in 1969. The Navy’s Flight Demonstration Squadron, The Blue Angels is stationed there. Top
Industry Employers in Pensacola include Navy Federal Credit Union, Baptist Health Care, Scared Heart Health Systems, Gulf Power Company, West Florida Healthcare, Ascend Performance Materials, Alorica, Innisfree Hotels, Santa Rosa Medical Center and Medical Center Clinic.
This Hardee’s restaurant occupies a 2,527 square foot restaurant on a large 1.35 Acre Parcel of Land at a signalized intersection. Located only 18 minutes from this Hardee’s Restaurant is The National Naval Aviation Museum which sees upwards of One Million Visitors Annually. It has 350,000 square feet of exhibit space and is the largest Naval Aviation Museum in the world. Only 13
minutes from this property is Pensacola State College at Warrington Campus and Pensacola State College enrolls over 26,000 students each year. 12 minutes away from this Hardee’s is West Florida Baptist Institute with 317 students in grades K-12. Also only 15 minutes away is The Naval hospital of Pensacola.
Many new home builders surround this property including Adams Homes at Southwoods and Adams Homes at Manchester. Many Apartment complexes surround this Hardee’s Restaurant including seven minutes away Harbour Place (68 Apartment Units); 11 minutes away is The Park at Nottingham Apartments (268 Apartment Units); 13 minutes away is Hunters Pointe Apartments(204 Apartment Units); 12 minutes away Angel Landing Apartments(108 Apartment Units); Stoddert Place Apartments, Three Waters Green Apartments, The Villas West Apartments and Angel Cove Apartments.
Hardee’s Restaurants LLC is an American fast-food restaurant chain operated by CKE Restaurants Holdings, Inc. (CKE) with locations primarily in the Southern and Midwestern United States. Hardee’s was founded June 23, 1960 in Greenville, North Carolina by a man named Wilber Hardee. Hardee’s has an annual revenue of over $558 Million and 3,200 employees. Hardee’s operates more than 1,800 restaurants across the U.S. and locations in 14 countries and are famous for their “Made from Scratch Biscuits” and Hand-Breaded Chicken Tenders.”

  • Hardee’s 10+ Year Absolute NNN Lease | 7.5% Increases Every 5 Years
  • Strong and Steady Sales: Healthy Rent to Sales Ratio
  • Hard Corner Signalized Intersection | 30,000 Vehicles Per Day Traffic Counts
  • Strong Intrinsic Value: 2,527 Square Foot Restaurant on a Large 1.36 Acre Parcel of Land
  • Franchisee Guarantee | Paradigm Restaurant Group | 80+ Unit Operator
  • Several Apartment Complexes Surround this Property Including Angel Landing(108 Units), Hunters Pointe Apartments (204 Units), The Park at Nottingham Apartments (268 Units)
  • Average Household Income Exceeds $75,000 in a One Mile Radius
  • Minutes from Southwest Escambia Sports Complex, the Largest in the County, Encompassing more than 200 Acres with 17 Athletic Fields
  • Florida is a No Income Tax State

Property Documents

  • City: Pensacola
  • State/county: Florida
  • Zip/Postal Code: 32506
  • Country: United States

Detail

  • Price: $2,426,812
  • Year Built: 2012

Additional details

  • CAP RATE: 5.00%
  • NOI: $121,341

Features