Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Steve Horvath
704.379.1981 Office
704.379.1988 Fax
horvath@berkeleycap.com
Jay Levell
704.379.1985 Office
704.379.1988 Fax
levell@berkeleycap.com
   
Ground Lease to Hardee's

OFFERING SUMMARY

The site is well located as an outparcel to a Lowe's Home Improvement Center on one of the most heavily traveled thoroughfares of Winston-Salem: Peters Creek Parkway (NC Hwy 150). The tenant put a significant amount of money into the building, and as such there is an additional amount of security provided to the investor. Hardee's Food System, Inc. is the tenant on the lease, so it is a corporate lease.

SUBMARKET OVERVIEW

There has been a great deal of growth in this area in addition to this center, including a Super Wal-Mart anchored center across the Parkway, as well as a master-planned community behind this center. Clemmonsville Road will be fully connected past this property within the next several years, bringing additional exposure and traffic to the site.

 



OFFERING MEMORANDUM & FILES
20 yr Abs Net Ground Lease w Increases - Hardee's Winston-Salem, NC
 
Profiles
  Map/Directions
Location: Peters Creek Parkway one-off West Clemmonsville Road, Winston Salem, NC
Size: 2,339 sq. ft. on 1.08± acres
Lease Type: Absolute Net Ground Lease
Rent Commencement: November/December 2008
Lease Term: 20 years
Annual Rent: $76,000
Tenant: Hardee's Corporate Guarantee
   
   
NET OPERATING INCOME $76,000
   
CAP RATE 7.0
   
OFFERING PRICE $1,085,000
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