Rocky Mount, NC – On behalf of his client, Bill Howard negotiated a $1,795,350 Permanent Mortgage for the acquisition of an STNL asset at 540 to 550 North Wesleyan Blvd in Rocky Mount, NC. The subject property currently under construction and will encompass 4,200 SF of retail space divided into two separate units. At the time of acquisition the property was being constructed and fit-out for a Starbucks and a Kay Jewelers which leased the space subject to an absolute triple-net (NNN) lease with a 10-year term. Howard negotiated the sale and acquisition of the property while also arranging financing for the borrower to complete the purchase.
Key Points of the Starbucks / Kay Jeweler STNL Assets:
Key Points Regarding Financing Package:
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