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703 S Broadway St 4,500 SF Retail Building Forest City, NC 28043 $4,346,829 CAD ($965.96 CAD/SF) 5.75% Cap Rate
Investment Highlights
- Absolute net lease | Zero landlord responsibilities
- Experienced operator | Brumit Restaurant Group | 65 Locations
- Across the street from a top-performing Food Lion | Ranks in the top 70th percentile nationwide via Placer.ai
- Desirable lease term | 20-year term
- Training facility component | Store serves as a training hub for new employees
- Large industrial presence nearby | 2.1M SF of space within a 2-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Arby's in Forest City, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,500 SF
Year Built/Renovated
1995/2015
Price
$4,346,829 CAD
Price Per SF
$965.96 CAD
Cap Rate
5.75%
NOI
$249,994 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.42 AC
Zoning
Commercial
Parking
47 Spaces (10.44 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1622797 | Improvements Assessment | $812,633 CAD |
| Land Assessment | $0 CAD | Total Assessment | $812,633 CAD |
Property Taxes
Parcel Number
1622797
Land Assessment
$0 CAD
Improvements Assessment
$812,633 CAD
Total Assessment
$812,633 CAD
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703 S Broadway St
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