Property details

Arby's, Great Lakes - Big Rivers Region

Property Description



Predominant land uses and competitors in the local market include Circle K, Dairy Queen, Wells Fargo, Lees Chicken, Pizza Hut, West State Plaza anchored by Scotts Grocery and Ace Hardware.

The total Arby's system including franchised locations exceeds 3,500 locations serving 229 markets in 48 states in the U.S. and 133 units outside the U.S.

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Highlights

Status:
Available
Price:
$1,032,258
PSF:
$382
Cap Rate:
7.75%
Annual Rent:
$80,000
Rent Increases:
Rent increases 9/1/2012 though 8/31/2016 to $88,000
 

Property Information

Building Size:
2,700 sq.ft.
Property Type:
Net Lease
Industry Type:
Restaurant
Units/Spaces:
1
Year Built:
1987
Land Area:
22,500 sq.ft.
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Arby's
Lease Type:
NNN
Lease Commencement:
8/15/1986
Lease Expiration:
8/31/2016
Lease Term:
30 years
Years Remaining:
7 years
Landlord Responsibilities:
None
Options:
None Remaining
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.