The Boulder Group, a net leased investment brokerage firm completed the sale of a single tenant Hardee’s located at 7942 Garners Ferry Road in Columbia, South Carolina for $1,675,000.
The 3,389 square foot Hardee’s benefits from its location near a signalized hard corner along Garners Ferry Road (36,500 VPD) which is a primary east – west thoroughfare. The property is well positioned in a dominant retail corridor along Garners Ferry Road which is anchored by a Walmart Supercenter, Lowe’s Home Improvement, BI-LO, Tractor Supply Company, and ALDI. Other retailers in the area include Walgreens, CVS Pharmacy, Family Dollar, O’Reilly Auto Parts, and Verizon. There are 73,822 people living within 5 miles of the property with an average household income in excess of $74,500 annually.
Randy Blankstein and John Feeney of The Boulder Group represented the seller in the transaction. The seller is a Texas based real estate company and the buyer is a South Carolina based real estate investor
The Hardee’s lease expires on October 31, 2035 and features three 5-year renewal options with 7.5% rental escalations every 5 years. As a subsidiary of fast-food giant CKE Restaurants Holdings, Hardee’s is a leading fast-food chain. Along with its sibling restaurant chain, Carl’s Jr., Hardee’s is the 5th largest fast-food restaurant chain in the United States.
“Single tenant restaurant properties with long-term leases with rental escalations are the most sought-after net lease product” said Randy Blankstein, President of The Boulder Group. John Feeney of The Boulder Group, added, “E-commerce resistant food-based retailers continue to be in high demand amongst investors.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net lease real estate transactions. From 2012-2019, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States