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Mixed Use

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367 Freedom Parkway

LEASEDMixed-use

Kirk Bradley Of Lee Moore Capital Company And John Fugo Of Montgomery Carolina LLC Lease 367 Freedom Parkway To Tavolo And Others

367 Freedom Parkway

Building Size

Asset Type

Mixed-use

Closing

Jun 30, 2026

AI

The mixed-use asset involved in this transaction is located at 367 Freedom Parkway in Pittsboro, NC. This property is part of the MOSAIC at Chatham Park development, which spans 44 acres and has completed eight of its planned 17 buildings. The project is slated for full completion by 2030.

Summary of transaction details:

The lease involves six new tenants who have signed leases at the property, contributing to the development's growth. In addition, First Horizon Bank is set to develop a branch building on an adjacent nearly one-acre parcel while Chase Bank and Wells Family Dental Group have recently joined the nearby Northwood Landing development as tenants.

Players

Bryan Jordan

First Horizon Bank

Broker
Broker
T
TavoloBuyer

Kirk Bradley

Lee-Moore Capital Company

Landlord
Landlord
V
VerizonTenant

Pittsboro Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93