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HILCO REAL ESTATE ANNOUNCES APRIL 21 ONLINE ABSOLUTE AUCTION OF PRIME RESTAURANT BUILDING NEAR RALEIGH, NC

NORTHBROOK, Ill., March 28, 2016 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC (www.HilcoRealEstate.com) announces the upcoming online absolute auction of the former Knightdale Seafood & BBQ property located in Knightdale, North Carolina, scheduled for April 21. Hilco Real Estate Auctions, LLC (a unit of Hilco Real Estate) was retained by the Small Business Administration to conduct an absolute auction for the property. All bidding will be conducted online. The property is located at 706 Money Court along Knightdale Boulevard (Business 64), a strong retail corridor heading into downtown Raleigh. The area surrounding the property is home to a host of national retailers, including Big Lots, Bojangle's, BP, Lowe's, McDonald's, Wal-Mart, Waffle House, and Wells Fargo among others.

The offering includes a 7,534 square foot restaurant and lounge building with all furniture, fixtures and equipment, situated on 1.73 acres. Zoned HB (Highway Business), the property represents exceptional redevelopment potential for a variety of users. The property is well-located near North Carolina's Research Triangle, only five minutes from Raleigh and less than 30 minutes from Raleigh Durham International Airport, Chapel Hill and Durham. The Research Triangle features North Carolina State in Raleigh, the University of North Carolina in Chapel Hill and Duke University in Durham. In addition to world-class academic institutions, the area has also been recognized as a pro-business region, as well as one of the best places to live in the country.

On-site inspections can be conducted on April 14 between 11:00am and 3:00pm ET.
Please call 855-755-2300 for more information.

The online auction event will be held on April 21, 2016. A $10,000 initial deposit is required to bid.

To review more details and obtain complete terms, please visit www.hilcorealestate.com. For more information and to find out how to bid online, contact Fernando Palacios at 877.933.7779 (fpalacios@hilcoglobal.com).

"This property is well-suited for an owner/operator seeking near-term income from an asset that also provides long-term redevelopment potential. This offering provides a restaurant with lounge in nearly turn-key condition and the HB zoning provides exceptional value-add potential in North Carolina's strongest region" said Fernando Palacios Managing Director at Hilco Real Estate.

A detailed Virtual Data Room is available for the property, containing specific information, an explanation of the auction process and the Terms of Sale. To obtain access to the Virtual Data Room, please call 855-755-2300 or visit www.HilcoRealEstate.com.

About Hilco Real Estate: Hilco Real Estate ("HRE"), a Hilco Global company (www.hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

Media Contact:
Gary Epstein
Hilco Global
Office: 847-418-2712
Mobile: 847-323-4943
Email: gepstein@hilcoglobal.com

Source: Hilco Global