Arbys Portfolio

Address:
1419 Decatur Pike
City:
Athens
State:
TN
Zip Code:
37307

Building Size:

2,946

Asking Price:

7,543,463

CAP Rate:

6

Lease Terms:

NNN

Space Description:

A 6 property portfolio of single tenant net leased Arby’s assets with a 65 Unit Franchisee guarantee. Absolutely NO Landlord responsibilities. All sites are located in (3) Tennessee, (1) Ohio & (2) Indiana. These Arby’s are operated and guaranteed by Restaurant Management Inc., LLC a 65 unit Franchisee. The leases range from 19-13 years on original lease with 3-5 year additional renewal options. Bumps of 7.5% every 5 years. The annual rent for this location is $77,000 and the lease end is 07/30/2034.

Property Highlights:

List Price: $7,543,463 NOI: $452,608.00 Cap Rate: 6.0% Lease Type: NNN