Arby's, Greenville, NC
1884 East Fire Tower Road
Greenville, NC 27858
PROPERTY SOLD
Property: Investment Sales
Price: $1,900,000
Cap Rate: Call
Description:
- Arby’s Restaurant Group, Inc. (Corporate)
- 1884 East Fire Tower Rd, located 2.5 miles south of downtown Greenville and East Carolina University
- 3,015 square feet developed in 2008 on 1.26 acres on a major trade area corridor
- Tenant is on a 20-year NNN lease with 6.5% rent bumps every 5 years and 4,5-year options
- All cash buyer paid $1,900,00 and closed escrow on 12/18/08, 38 days after signing contract
- Buyer was a private holding company out of FL completing a 1031 tax deferred exchange
