Property details

NNN Arbys For Sale, Southeast Region

Property Description

NNN Arbys For Sale with a absolute NNN lease. Other properties in the area include Lowes Home Improvement, Wal mart and Belk Department Store. This NNN Arbys For Sale is sourrounded by single family and multi family residential developments located in adjoining neighborhoods.

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:
Sold
Price:
$1,782,785
PSF:
$590
Cap Rate:
6.50%
Annual Rent:
$115,881
Rent Increases:
1.70% increases beginning Lease Year 2 and every Lease Year thereafter
 

Property Information

Building Size:
3,020 sq.ft.
Property Type:
Net Lease
Industry Type:
Restaurant
Units/Spaces:
1
Year Built:
2007
Land Area:
0.91 acres
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Arby's
Lease Type:
NNN
Lease Commencement:
07/30/2007
Lease Expiration:
01/31/2028
Lease Term:
21 years
Lease Remaining:
13.3 years
Landlord Responsibilities:
None - NNN Arbys For Sale
Options:
2 5-Year Options
 

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.