Thursday, October 31, 2013

Marcus & Millichap Arranges Sale of Hardee’s Drive-Thru Restaurant in Spruce Pine, NC


Hardee's Drive-Thru Restaurant, 6187 Highway 19 East, Spruce Pine, NC

John E. (Jay) Brigel
SPRUCE PINE, NC – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Hardee's Drive-Thru Restaurant, a 2,732-square foot net-leased property located in Spruce Pine, NC, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,010,000.

James Allen Smith
John E. (Jay) Brigel, a senior associate in Marcus & Millichap’s Tampa office represented the seller, a private investor based in California.

 James Allen Smith, a vice president investments in Marcus & Millichap’s Charlotte Uptown office, served as broker of record in this transaction. 

Brandon Michaels
Brandon Michaels, a vice president investments, and Kyle Sterling, an associate both in the firm’s Encino office procured the buyer of the property, a California-based limited liability company.

Hardee's Drive-Thru Restaurant was built in 1984 and is located at 6187 Highway 19 East in Spruce Pine, NC. The property is situated on a 1.13-acre lot with frontage on busy US Highway 19 East, which is the major corridor linking the towns of Spruce Pine and Burnsville with Interstate 26.  

“I was able to create additional value and proceeds for my seller by reworking a short lease into a new, longer term with increases,” says Brigel.  “It was a win-win-win for seller, buyer and franchisee.”
  
For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700

No comments: