NAI Chase Commercial Represents Multi-Million-Dollar Sale of Former Hardee’s, Now Schlotzsky’s, in Madison, AL on Behalf of Private Investor.

Madison, AL – November 6, 2024** – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today its representation of the sale of a 3,624-square-foot retail property located at 5870 Wall Triana Hwy, Madison, AL. The site, formerly a Hardee’s restaurant, is now being rebranded and opened as a Schlotzsky’s. Mark Elrod, Senior VP of Retail, Eric Gonzalez-Tablada, Director of Retail, and Douglas McCullough, CCIM Executive Vice President of Brokerage, represented the seller in the transaction.

“This sale highlights the resilience of the retail market in the region,” said Mark Elrod, Senior VP of Retail at NAI Chase Commercial. “Despite broader economic challenges and fluctuating interest rates, demand for well-positioned retail spaces remains strong, especially in growth markets like Madison. We’re seeing significant interest from investors looking to capitalize on Alabama’s expanding commercial footprint.”

Eric Gonzalez-Tablada, Director of Retail at NAI Chase Commercial, added, “This sale is part of a broader trend we’ve observed in North and Central Alabama, where the retail sector continues to thrive. Investors are looking beyond short-term volatility, focusing on prime locations like this one, which offer long-term potential. This transaction and others we’ve recently completed underscores our expertise in navigating complex deals in a challenging economic climate.”

The multi-million-dollar sale offers plenty of on-site parking and drive-thru access. Built in 1993, the 3,624-square-foot building boasts high visibility and accessibility from Wall Triana Hwy, one of Madison’s busiest corridors. Schlotzsky’s is expected to be a high-traffic tenant, benefiting from the property’s location and the area’s growing retail and residential developments.

About NAI Chase Commercial

NAI CHASE COMMERCIAL, an Accredited Management Organization with its professional staff of real estate brokers with offices in Huntsville and Birmingham, Alabama provides Retail Office and Industrial Commercial Property Brokerage, Leasing and Sales, Commercial Property Development, Commercial Property Management, Investment Property Brokerage, Construction Management Consulting, and Building Renovation Services. For more information on NAI Chase Commercial, please visit www.chasecommercial.com

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe, Africa, and Asia Pacific, with over 6,000 local market professionals, managing more than over 1.15 billion square feet of property. Annually, NAI Global completes more than $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting, and related advisory services.

To learn more, visit www.naiglobal.com or www.naiglobalnewslink.com