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:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 367 Freedom Parkway
- Market: Pittsboro, NC
- Landlord: Kirk Bradley - Lee Moore Capital Company & John Fugo - Montgomery Carolina LLC
- Tenant: Tavolo, Flying Biscuit, New View Eye Care, Pecan Jacks & Verizon
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
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