Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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

    Nearby Similar for Sale

    • $799,900
      9,821 SF

      Historical Building in Franklin, VA

      Distinctive historical building suitable for commercial, institutional, or community uses.
      101 N High St, Franklin, VA 23851
      View Details
    • $1,400,000
      98,280 SF

      Franklin VA Redevelopment Opportunity

      Almost 100,000 SF on 11 acres near Hwy 58.
      1333 Carrsville Hwy, Franklin, VA 23851
      View Details
    • $650,000
      1,824 SF

      Huddle House Restaurant For Sale

      Huddle House restaurant with 10-year lease in place.
      1547 Armory Dr, Franklin, VA 23851
      View Details
    • $175,000
      1,554 SF

      Franklin Duplex: Investment Opportunity

      Duplex with tenant-occupied and vacant units, great investment potential.
      205 Cobb St, Franklin, VA 23851
      View Details
    • $385,000
      5,600 SF

      Office Space with Wood Accents

      Office space featuring wood floors, trim, and conference room.
      33322 N Lynn Rd, Franklin, VA 23851
      View Details
    • $890,000
      12,543 SF

      Franklin Warehouse For Sale

      12,543 SF warehouse/industrial property in Franklin, VA.
      141 Commerce Park Rd, Franklin, VA 23851
      View Details

    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
    (332) 345-2408
    Request Owner's contact information
    105 N Mechanic St Franklin, VA 23851
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    105 N Mechanic St
    Franklin, VA 23851
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105 N Mechanic St Franklin, VA 23851
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.