Arby's, Greensboro MSA

5156 US Highway 29 Business
Reidsville, NC 27320

Aerial(s) (PDF)

Focus Ten, Inc. (25-unit franchisee)
5156 US Hwy 29 Business, located 25 miles N of Greensboro just off US Hwy 29
2,895 square feet developed in 2008 on a 0.93-acre outparcel to a Food Lion anchored center
Tenant is on a 20-year NNN lease with 7% rent bumps every 5 years and 4,5-year options
Highly leveraged buyer paid $1,516,625 and closed escrow on 11/24/08 with a 70% loan contingency
Buyer was a private investment group out of NC placing excess capital into real estate

Cap Rate:

Call

Price:

$1,516,625

Property Type:

NNN

Purchase Type:

For Sale

Contact:

Tyson Glasser, CCIM

(864) 263-5427