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1915 HAMPTON INN CT Winston Salem NC 27103-7102

[Locked] • APN 6814-34-7289.00

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Details
Property Type Retail
Sub Type Storefront
Building SqFt 7,092
Lot SqFt 75,795
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code GB
Year Built 1996
Building Count 2
Opportunity Zone No
Lease Type ******
Lease Term ******
Lease Expiration ******
Sold Price per Acre ******

Property History

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Sale Date
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Sold Price
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Buyer Borrower 1 Corp Indicator
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Buyer Borrower 1 Name
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Buyer Borrower 1 Relationship Type
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Document Number
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Document Type
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Recording Book
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Recording Page
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Sales Price Code
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Seller 1 Corp Indicator
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Transaction Type
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Seller 1 Name
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Transfer Tax
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Sold By
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Sold To
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Property Type
Property Type
Retail
Marketing Description
Stan Johnson Company, on behalf of ownership, is pleased to announce the exclusive offering of the fee simple interest in the Twin Peaks restaurant located at 1915 Hampton Inn Court in Winston-Salem, NC (the “Property”). The Property consists of a ±8,100 SF building situated on a 1.78 acre parcel of land and features a corporate guaranty from La Cima Restaurants, LLC, the majority owner of Twin Peaks. Twin Peaks is operating under an absolute NNN lease with no landlord responsibilities. There are 6.8 years remaining on the lease with three (3) five (5) year options with a 10.8% increase in June, 2021 and 10% increases at the exercise of each option.


Founded in 2011, La Cima Restaurants, LLC is a restaurant holding and management company that is headquartered in Atlanta, GA and operates over 120 company-owned locations. The company’s founders draw from over 150 combined years of experience in the casual dining industry. Lead by the former CEO/President of Hooters of America, LLC, La Cima has assembled a team of nine restaurant executives and operators. In 2016, La Cima acquired a majority interest in Twin Peaks. Twin Peaks is the ultimate sports lodge featuring made-from-scratch food and the coldest beer in the business served by Twin Peaks Girls surrounded by the latest in high-definition TVs.

The Property is situated along I-40 in the main retail corridor fronting Hanes Mall, the major regional mall. Other retailers in the immediate area include Best Buy, Lowe's, Dick's Sporting Goods, Costco, Home Depot, Target, Kohl's, PetSmart, Sam's Club, and numerous others.

Investment Highlights
  • Long-Term Absolute NNN Ground Lease with Impressive 10% Rental Increases
  • Across from 600,000 SF Magnolia Mall
  • Outparcel to Major 265,000 SF Retail Center
  • Dense, Affluent Regional Trade Area

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
JT
Jeff Tracy
•••.•••.7287
••racy@•••••••••.com
Brokerage logo
Listing removed on
 BY:
BP
Brad Pepin
•••.•••.2690
••epin@•••••••••.com
Brokerage logo
Listing removed on
 BY:
JA
Jonathan Ameen
•••.•••.2973
••••••••.•meen@••••••••.com
Brokerage logo

Map

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