Harbert Retail’s Casey Howard and Lacey Scott represented the seller of an absolute NNN, corporate leased, ±2,526 SF Hardee’s located at 9940 Highway 119, Alabaster, AL. The property was sold by GBL Investments, LLC, to Asset Preservation, Inc, for $1,335,000 at a 5.9% cap rate. The Hardee’s is ideally located along Highway 119 (23,700+ AADT) in Alabaster nearby upcoming city recreation/retail developments at the former Thompson Middle School as well as nearby Publix anchored retail. The high traffic QSR location boasts 45.5K visits per year.
