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