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TripleNetZeroDebt.com LLC (“The Sponsor”) is providing the opportunity to invest along with them in this 3,616 square foot, free-standing single-tenant building, 100% occupied by Paradigm Investment Group LLC (3rd largest franchisee), doing business as Hardee’s located in Luverne, AL. Hardee’s is the 5th largest hamburger chain in the US. Hardee’s has occupied this property since 1985 and is 100% responsible for the entire property. This property benefits for a strong tenant with low rent to sales ratio in addition to its proximity to other national chains such as McDonald’s. The core objective of this investment is to receive a steady monthly cash flow while the property appreciates over time. Investors will hold title to this property. Investor’s distribution will commence on the first of the month, 91 days following the close of escrow. Distributions will continue monthly thereafter.
Single-Tenant NNN Free-standing Single Real Estate
|Address:||742 South Forest Ave.
Luverne, AL 36049
|Net Rentable Area:||3,616 square feet|
- Hardee’s, a subsidiary of Carl’s Jr., Wilber Hardee opened his first restaurant in Greenville, North Carolina, in 1960, and just five months later he had his first franchisee. Hardee’s Restaurants, which serve biscuits, burgers and chicken, have since spread throughout the Midwestern and Southeastern U.S., with over 2,200 locations worldwide.
In 1997, Hardee’s was acquired by California-based CKE Restaurants Inc., franchisor of Carl’s Jr. Restaurants (founded in 1941 by Carl N. Karcher) Carl’s Jr. itself has over 1,600 locations worldwide. Over the past 50 years, Hardee’s® has been known for great food served in a warm, inviting atmosphere by a friendly and courteous staff. Hardee’s Restaurants offer great menu products all day ranging from their famous “Made from Scratch” Buttermilk Biscuits and Hash Round Potatoes for breakfast, to Charbroiled, Juicy (1/4, 1/3 and 1/2 lb.) Angus ThickBurgers, Hand-breaded Chicken Tenders, Charbroiled Chicken Sandwiches, Natural-Cut French Fries and hand-scooped shakes made with REAL ice cream for lunch and dinner.
- Paradigm Investment Group LLC is the third largest franchisee in the Hardee’s organization with locations Alabama, Florida and Mississippi. Paradigm was the proud recipient of the Wilbur Hardee Franchisee of the Year Award in 2009, the CKE Franchisee of the Year Award in 2010 and the CKE Developer of the year Award in 2011. In addition to the Hardee’s brand, Paradigm also operates Jersey Mike’s Subs in Texas, and Blaze Pizza, also in Texas.
- Location Information:
Located at 742 S. Forest Ave, Luverne, AL 36049
Located in Crenshaw County, AL, Luverne is known as The Friendliest City in the South. This site sits on US Route 331 which is a spur of US Route 31. There are over 3,500 households within 10 miles of the site. Population in the same area exceeds 8,800.