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105 N Mechanic St Franklin, VA 23851

For Sale
$1,741,837

NNN leased Hardee's with franchisee guarantee and percentage rent.

Property size:
3,336 SF
Lot size:
0.34 Acres

Property Features for 105 N Mechanic St

General Information

Size
3,336 SF
Lot size
0.34 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Hardee's NNN Investment Opportunity

This property is subject to a newly extended 10-year absolute triple net (NNN) lease. The tenant pays five and a half percent (5.50%) of annual sales in percentage rent. The location was recently remodeled in 2023, with the tenant covering all costs. The lease is guaranteed by Boddie-Noell Enterprises, Inc., a large franchisee in the Hardee’s system and one of the nation’s largest Pizza Hut operators. The tenant reports strong sales above the national average for Hardee’s. The property is 3336 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Hardee's Fast Food Restaurant

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Franklin
County
Franklin City
State
Virginia
Longitude
-76.921281
Latitude
36.6781784

FAQs

What type of property is this?
Drive through restaurant - NNN leased Hardee's with franchisee guarantee and percentage rent.
Where is this drive through restaurant located?
The property is located at 105 N Mechanic St Franklin, VA.
What is the asking price?
The asking price for this property is $1,741,837.
What are key features of this property?
This property features: - Newly Extended 10-Year Absolute Triple Net (NNN) Lease; - Full Franchisee Guarantee from Boddie-Noell Enterprises, Inc.; - Benefit from Five and a Half Percent (5.50%) of Annual Sales in Percentage Rent
More about this property
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