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


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile