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Arbys Portfolio
Building Size: |
2,880 SF |
Asking Price: |
$ 7,543,463 |
CAP Rate: |
6 % |
Lease Type: |
NNN |
Space Description: |
List Price: $7,543,463 NOI: $452,608.00 Cap Rate: 6.0% Lease Type: NNN |
Property 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 $96,875 and the lease end is 05/31/2029. |