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Restaurant

Arby's

1319 Bridford Pkwy, Greensboro, NC 27407

Listing Price: $2,851,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
3.9
Gross SF
3,693
Guarantor
Corporate Guarantee
Rentable SF
3,693
Price/Gross SF
$772.00
Lease Type
Triple Net (NNN)

Investment Overview

Marcus & Millichap is pleased to present for sales Arby's located in Greensboro, NC. The investment is being offered at $3,247,958. There are 4 years remaining on the long-term corporate guaranteed lease, along with an additional two (2) options to renew with 7 percent rental increases every (5) years. The subject property has been at this location for over 20 years and has favorably extended/modified the lease for years. The most recent lease modification in 2016 added an extended current term of 10 years. The long-term tenancy of the site coupled with favorable lease extensions highlights the tenant's long-term commitment to this site.

Investment Highlights

  • NNN Lease | Ideal for Investors Not Local to the Market
  • Long-Term Corporate Lease | 4-Years Remaining on Lease
  • Two (2), 5-Year Options to Renew With 7% Rental Increases Every 5-Years

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Listing Price: $2,851,000

Cap Rate
4.75%
Tenant Name
Arby's
Years Remaining On Lease
3.9
Gross SF
3,693
Guarantor
Corporate Guarantee
Rentable SF
3,693
Price/Gross SF
$772.00
Lease Type
Triple Net (NNN)

Investment Highlights

  • NNN Lease | Ideal for Investors Not Local to the Market
  • Long-Term Corporate Lease | 4-Years Remaining on Lease
  • Two (2), 5-Year Options to Renew With 7% Rental Increases Every 5-Years

Investment Overview

Marcus & Millichap is pleased to present for sales Arby's located in Greensboro, NC. The investment is being offered at $3,247,958. There are 4 years remaining on the long-term corporate guaranteed lease, along with an additional two (2) options to renew with 7 percent rental increases every (5) years. The subject property has been at this location for over 20 years and has favorably extended/modified the lease for years. The most recent lease modification in 2016 added an extended current term of 10 years. The long-term tenancy of the site coupled with favorable lease extensions highlights the tenant's long-term commitment to this site.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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