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33623993
33623990

703 S Broadway Street, Forest City, NC 28043

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$3,114,000
1 day on market
Updated 1 day ago

Arby's

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,500
Cap Rate 5.90%
NOI $183,750
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/31/2045
Remaining Term 19.5
Rent Bumps Yes
Lease Options Four, 5-Year
Price per SqFt $692
Broker Co-Op True
Year Built 1995
Year Renovated 2015
Acreage 1.020
Zoning Commercial
Parking Spaces 47 spaces
Parking Per SqFt 10.44
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/01/2025
Ground Lease No

Absolute Net Lease | Unique Training Facility | Experienced Operator

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Desirable lease term | 19.5 years remaining

• Experienced operator | Brumit Restaurant Group | 66 Locations

• Training facility component | Store serves as a training hub for new employees

• Located nearby top-performing retailers | Walmart ranks in the 89th percentile in NC, Lowe’s ranks in the 89th percentile nationwide, and Tractor Supply ranks in 95th percentile nationwide via Placer.ai

• Great visibility & access from S Broadway St

• Strategically located off US Highway 74 | 25,500 VPD

• Across the street from a top-performing Food Lion | Ranks in the top 70th percentile nationwide via Placer.ai

• Long operating history

• Large parcel | 1.02 acres

• Large industrial presence nearby | 2.1M SF of space within a 2-mile radius

• 15 minutes from Rutherford Regional Medical Center | 145 beds

• 20 minutes from Gardner-Webb University | 3,140 students

• 4 miles from East Rutherford High School | 650 students

• Nearby destination retailers | Walmart Supercenter, Lowe’s, ALDI, Food Lion, Tractor Supply Co., Harbor Freight, Chili’s, Chick-fil-A, Starbucks, McDonald’s, Burger King, Hardee’s, Waffle House, Subway, Advance Auto Parts, O’Reilly Auto Parts, 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
$0.00
Annual Debt Service
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Annual Cash Flow
$183,750.00
$15,312.50/mo

Valuation Metrics

0
DSCR
5.9%
Cap Rate
5.9%
ROI

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