SOLD – The Fresh Market

Overview

• Stable cash flow investment with over 10 years remaining on its initial fifteen (15) year lease term and 3% bumps in three 5-year option periods
• Exceptional historical store sales; in the top 30% for the company
• Strong Demographics just west of Wake Forest University and near Buena Vista and Sherwood Forest neighborhoods
• Current lease rate of $16.50/sf is in line with Winston Salem, NC retail submarket
• Located within the Mount Tabor Place development with protective restrictions and conditions
• Adjacent to CVS, Starbucks, Subway, Five Guys, PNC Bank