Arbys, Hope Mills, NC

3070 North Main Street
Hope Mills, NC 28348

PROPERTY SOLD

Property: Investment Sales

Acreage: 0.98 +/-

Price: $1,917,600

Cap Rate: Call

Description:

  • Arby’s Restaurant Group, Inc. (Corporate)
  • 3070 N. Main Street, located 10 miles south of Fort Bragg, the largest military base in the world
  • 3,016 square feet developed in 2008 on 0.98 acres in front of Super Wal Mart and a future Lowe’s
  • Tenant is on a 20-year NNN lease with 6.5% rent bumps every 5 years and 4, 5-year options
  • Leveraged buyer paid $1,917,600 and closed escrow on 1/30/09 with a 34% loan contingency
  • Buyer was a private partnership out of NJ completing a 1031 tax deferred exchange

Arbys, Hope Mills, NC

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Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com