Industry News | November 18, 2009

Alabama Hardee's Unit Changes Hands

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RealtyLink LLC announced the sale of a 2,789-square-foot Hardee’s building it had developed in 2009 on .87 acres in Atmore, Alabama. The restaurant opened in 2009 and is positioned at the entrance to a 740-acre mixed-use development called Rivercane. Hardee’s is on a 20-year absolute NNN lease with 10 percent rent bumps every five years.

The transaction closed escrow on November 17 for approximately $1,229,000. The buyer was a private family trust out of California and paid all cash for the property.