Arby's, Reidsville, NC

5156 US Highway 29 Business
Reidsville, NC 27320

PROPERTY SOLD

Property: Investment Sales

Price: $1,516,625

Cap Rate: Call

Description:

  • 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

Arby's, Reidsville, NC

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Contact

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