Forest Hills 176 Sparks Dr

Investment Highlights

2 Corporate leases and a 21-unite franchisee (Jersey Mike's) 2.4M annual visitors to nearby Walmart Supercenter Chipotle corporate guaranty with "Chipotlane" drive-thru 22,500 vehicles per day along College Ave

Executive Summary

CBRE?s National Retail Partners ? Carolinas is proud to offer Forest Hills, a 7,382 SF new construction unanchored service retail center in Forest City, NC. The well-balanced tenant lineup features a corporate guaranty from Chipotle as well as a ?Chipotlane? drivethru. Aspen Dental is also backed by its corporate entity and Jersey Mike?s Subs is operated by a 21-unit franchisee. Forest Hills is adjacent to national anchor retailers Lowe?s Home Improvement and Walmart Supercenter, and is less than a mile from Hobby Lobby and Big Lots.

• Sale Type    Investment
• Property Type    Retail Retail General Retail Fast Food General Retail Restaurant General Retail Storefront Retail
• Building Size    7,382
• Year Built    2023
• Price    4,865,000
• Price Per SF    659
• Cap Rate    6.50
• NOI    316,260
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.12
• Land Acres    1.36 AC