Sale Marks Matthews™ Third Corporate Hardee’s Closing in SC in Six Months

Fort Mill, SC—Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, completed the $3,864,077 sale of a Hardee’s restaurant located at 875 Gold Hill Road. Associate Vice President Andrew Ivankovich and Associate Nathan Roberto represented the seller in the transaction. The deal set a sale price record for a single unit Hardee’s transaction, per CoStar records.

 

The 3,200 square-foot Hardee’s restaurant was sold by Atlantic Beach, Inc. and acquired by a 1031 Exchange buyer based out of the Northeast. Matthews™ executed the deal with the first buyer put under contract, who wished to exchange into a passive absolute NNN property in a growing community. The deal closed at a 5.15 percent cap rate, with the buyer assuming the seller’s financing.

 

“Throughout this deal, we overcame numerous economic headwinds and complex financing thanks to our extensive marketing platform and comprehensive network in the industry,” said Roberto. “We were able to secure a buyer willing to assume our seller’s financing, which ultimately pushed this deal across the finish line.”

 

The Hardee’s restaurant is located 20 minutes outside downtown Charlotte,NC, which boosts the property’s value as the area benefits from booming residential and commercial growth. Fort Mill is an affluent suburb in the Charlotte MSA with a median household income of $120,665.

 

“This deal set numerous records, including a sale price record for a single-tenant Hardee’s transaction, as well as a price-per-square-foot record of a Hardee’s property,” said Ivankovich.

 

For more information, or to contact Andrew Ivankovich and Nathan Roberto , please visit www.matthews.com.

 

 

 

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 500 agents and support staff in 15+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.