Property details
Arby's, Great Lakes - Big Rivers Region
Property Description
• Corporate Guaranty
• Fixed 3% Rent Increases Every 2 Years
• NNN Lease - No LL Responsibilites
Located just off a Highway. Directly south of the property is a Burger King, west is a First National Bank, McDonald’s, and Mobil gas station. The population was 6,574 at the 2000 census.
Population: 2,088 (1 mile), 17,417 (3 miles), 41,310 (5 miles)
Average HH Income: $77,970 (1 mile), $74,973 (3 miles), $85,216 (5 miles)
More Available NNN Properties Inquire
| Tenant | CAP Rate | Price |
| Arby's | 7.60% | $1,144,000 |
| Circuit City | 6.00% | $7,140,000 |
| Pep Boys | 7.15% | $5,399,000 |
| Whitewater Car Wash & Lube | 7.40% | $4,131,000 |
| Reliable Life Insurance Corporate HQ | 6.35% | $21,800,000 |
| Gander Mountain | 8.25% | $7,848,000 |
| Pep Boys | 5.90% | $2,796,000 |
| Winn-Dixie | 8.50% | $4,028,000 |
| Hastings Entertainment (Nasdaq: HAST) | 7.80% | $2,460,000 |
| Sports Authority | 8.25% | $7,856,000 |
| Applebee's | 7.55% | $3,858,000 |
| Uni-Mart | 8.70% | $1,147,500 |
| Majestic Fine Wines & Spirits | 8.75% | $10,400,000 |
| Uni-Mart | 8.70% | $841,000 |
| Uni-Mart | 8.70% | $1,010,000 |
| Uni-Mart | 8.70% | $1,124,000 |
| Uni-Mart | 8.70% | $948,000 |
| Uni-Mart | 8.70% | $1,042,000 |
| Uni-Mart | 8.70% | $1,179,000 |
Images
Highlights
- Status:
- Available
- Price:
- $1,144,000
- PSF:
- $411
- Cap Rate:
- 7.60%
- Annual Rent:
- $86,946
- Rent Increases:
- 3% every 2 years
$86,946 11/01/07 - 10/31/09
$89,554 11/01/09 - 10/31/11
$92,241 11/01/11 - 10/31/13
$95,008 11/01/13 - 10/31/15
$97,858 11/01/15 - 11/01/17
Property Information
- Building Size:
- 2,785 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Restaurant
- Units/Spaces:
- 1
- Year Built:
- 1993
- Land Area:
- 1.17 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Arby's
- Lease Type:
- NNN
- Lease Commencement:
- 10/31/1997
- Lease Expiration:
- 11/1/2017
- Lease Term:
- 20 years
- Years Remaining:
- 8 years
- Landlord Responsibilities:
- None
- Options:
- Two 5-Year
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.