Hardee’s

• Long Term Corporate Lease: The property is secured by a corporate backed lease from Hardee’s Restaurants LLC with ±9.25 Years Remaining, providing stable and reliable long-term income.
• Abs. NNN Lease: The asset is leased on an absolute triple-net (NNN) basis, offering a hands-off ownership structure with zero landlord responsibilities for taxes, insurance, maintenance, repairs, or capital expenditures.
• Replaceable Rent: The current rent of $28.95/SF is well-aligned with market rates for retail in the area. (Please reach out to agents for local lease comps).
• Out-Parcel Location to Food Lion | Primary Thoroughfare Location: The property sits as an outparcel to the town’s only grocery store and is positioned along the primary arterial roadway, serving as a focal point for the main retail corridor and driving strong, consistent traffic.
• Recent Major 2016 Renovation: The Hardee’s featured a major renovation in 2016 which includes over $500,000 invested in the building with minimal near-term capital expenditure risk.
• Spacious Lot with Future Flexibility: Situated on approximately ±0.96 acres, the property offers ample parking, efficient traffic circulation, and potential future expansion or redevelopment opportunities, enhancing long-term value.
• Positive Population Growth: Royston is experiencing population growth projections of 1-,3-, and 5-Mile Radius of 3.40%, 3.86%, and 4.43% respectively, underscoring an expanding, long-term customer base for the area.
• Nearby New Development: A new O’Reilly Auto Parts is under construction directly across the street at 1070 Franklin Springs St.
• Proximity to Emmanuel University: Emmanuel University—a private, Christ-centered liberal arts institution affiliated with the International Pentecostal Holiness Church—enrolls approximately 1,012 students. The NCAA Division II university recently expanded its academic footprint by introducing graduate-level degree programs in 2023.