Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Cleveland
$1,463,000
Arby’s (Strong Store Sales)
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,386
Net Rentable (SqFt) 2,386
Units 1
Cap Rate 6.5%
NOI $95,036
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/29/2030
Remaining Term 4.4
Rent Bumps Yes
Lease Options Three, 5-Year
Price per SqFt $613
Broker Co-Op Yes
Year Built 1989
Year Renovated 2008
Acreage 1.300
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 11/15/2010
Ground Lease No
Absolute Net Lease With 5.2 Years Remaining
Marketing description
Offered for sale is the opportunity to acquire an absolute net lease Arby's in Maysville, KY. The property consists of a 2,386-square-foot, freestanding building that sits on approximately 1.3 acres of land. There are 5.2 years remaining on the lease with 7.50 percent rental increases every five years.
Investment highlights
- Absolute Net Lease With 5.2 Years Remaining
- Strong Store Sales – Inquire With Agent for Details
- Excellent Access and Visibility on US Highway 62 (18,946 VPD) | 1.30 Acre Parcel
- Top 19% Nationwide for Arby’s Store Visits (Placer.ai)
- Experienced Multi-Unit Franchisee – 68 Arby’s Restaurants Across Seven States
- Retail Corridor Anchored by Hobby Lobby, Harbor Freight & QSR Co-Tenancy
- Directly Across From Mason County High School (839 Students)
- 65 Miles From the Cincinnati, OH MSA (2.26 Million Residents)
Listing Contacts
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Cleveland
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,036.00
$7,919.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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