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Cook Out's real estate unit pays $550,000 for vacant Thomasville tract
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Cook Out's real estate unit pays $550,000 for vacant Thomasville tract

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The real-estate arm of Cook Out Inc. has continued on a recent buying spree by paying $550,000 for a vacant 14.82-acre lot in Thomasville.

According to a Davidson County Register of Deeds filing Thursday, the purchase was made by Cook-Out Thomasville Inc., which has the same address as Cook-Out’s corporate headquarters.

The seller was Coggin Real Estate LLC of High Point.

Cook-Out officials could not be immediately reached for comment on plans for the property at 501 Cloniger Road.

In August, Cook-Out Thomasville paid $560,000 to buy the 0.62-acre lot off Julian Avenue that contains a 3,206-square-foot restaurant. The seller was UKT LLC of Trinity.

If the site is converted into a Cook-Out restaurant, it would be the chain’s second in Thomasville. It also has a restaurant at 1123 Randolph St.

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The chain already has four locations in Winston-Salem, as well as six in Greensboro, two in High Point, and one each in Asheboro, Boone, Burlington, Eden, Graham, Kernersville, King, Lexington, Mebane, Mount Airy, Thomasville and Wilkesboro. It is preparing to open its first restaurant in Elkin.

In June, another affiliate of the real-estate arm, 2897 Reynolds Road Inc., paid $1.15 million to purchase a former Burger King site at 2897 Reynolda Road.

Over the past 12 months, Cook Out has bought two properties with an Applebee’s restaurant as the tenant.

In December, the Cook Out real-estate arm bought the 1.26-acre property at 3865 John Gordon Lane in High Point.

In October, the Cook-Out real-estate arm paid $1.81 million to purchase a 1.55-acre lot in at 6310 Allegacy Way in Clemmons.

Jeremy Reaves, an official with Cook Out, said in October that the Clemmons property “was purchased as an investment property.”

“It is leased long term to the existing operating restaurant,” he said.

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@rcraverWSJ

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