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Atlanta & Southeast  + Southeast  + Retail  |  August 17, 2020
David Cohen
By: David Cohen

Stan Johnson Co. Arranges $1M Sale of Net-Leased Hardee’s in Alabama

Stan Johnson Co. has brokered the $1.2 million sale of a retail property net-leased to Hardee’s restaurant in Florala, AL.

Located at 23598 5th Ave., the quick service restaurant is 3,490 square feet and was built in 1985. The property is located in Florala, on the Alabama-Florida border and is operated by one of the largest franchisees in the Hardee’s system. The restaurant is operated on an absolute triple net lease.

Mike Matter of Stan Johnson Co. represented the seller, an individual investor from Seal Beach, CA. The buyer, a private investor from Long Beach, CA, was represented by Marcus & Millichap.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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