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33624160
33624158

1025 Asheville Highway, Brevard, NC 28712

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$2,574,000
1 day on market
Updated 1 day ago

Arby's

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,200
Cap Rate 6.00%
NOI $154,416
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2042
Remaining Term 16
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $804
Broker Co-Op True
Year Built 2002
Year Renovated 2022
Acreage 1.280
Zoning Commercial
Parking Spaces 58 spaces
Parking Per SqFt 18.12
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 08/11/2022
Ground Lease No

Signalized Corner Intersection | Absolute Net Lease | Dense Retail Corridor

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Signalized corner intersection | Osborne Rd & N Broad St | 24,800 VPD combined

• Newly renovated in 2022

• Desirable lease term | 16+ years remaining

• Experienced operator | Brumit Restaurant Group | 66 locations

• Great visibility & access from N Broad St | 23,000 VPD

• Located inside of dense retail corridor | 1.4M SF within a 2-mile radius

• Large parcel | 1.28 acres

• 5 minutes from Transylvania Regional Hospital | 92 beds

• 5 minutes from Brevard College | 875 students

• 10 minutes from Brevard High School | 800 students

• Nearby an Ingles that ranks in the 97th percentile nationwide via Placer.ai

• Nearby destination retailers | Walmart Supercenter, Food Lion, ALDI, Lowe’s, Tractor Supply Co., Belk, McDonald’s, Dunkin’, Zaxby’s, Bojangles, Wendy’s, Taco Bell, Jersey Mike’s, Cook Out, and more

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$154,416.00
$12,868.00/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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