901 Bluefield Ave, Bluefield, WV 24701-2743

This exceptional investment opportunity presents a fee-simple, single-tenant Hardee's/Carl's Jr. restaurant located at 901 Bluefield Ave, Bluefield, WV 24701. The 4,074 square foot building, constructed in 1987, sits on a 0.92-acre lot and boasts a strong 100% occupancy rate under a Net Lease (NNN) agreement. The current lease, with a remaining term of 2.6 years, expires June 30, 2027, and includes two 5-year renewal options with a 10% rent increase every 5 years. The property generates a substantial Net Operating Income (NOI) of $97,001, resulting in an attractive 14.95% cap rate and a price per square foot of $159.30. The tenant, Mountain Star, LLC, a seasoned operator of 21 Hardee's locations, is responsible for all property taxes, insurance, and maintenance, offering a truly passive investment. This prime location on Bluefield Ave sees over 16,000 vehicles daily, benefits from proximity to Bluefield State University (approximately 0.5 miles), and is situated near other prominent retailers such as Dollar General, McDonald's, and AutoZone. Bluefield's strategic location on the West Virginia/Virginia border, within a 10-mile radius of over 44,500 people, further enhances the property's value and potential for long-term growth. The asking price for this exceptional investment is $649,000.