Sudbrack | Kron Commercial Real EstateSudbrack | Kron Commercial Real Estate

Properties

Arbys Portfolio

Address:
215 US Highway 40
City:
Richmond
State:
IN
Zip Code:
47374

Building Size:

2,694

SF

Asking Price:

$

7,543,463

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 $69,499 and the lease end is 06/30/2028. 

Location Description:

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

Total Lot Size:

.63

AC