Restaurant
Arby's
1117 38th St NW, Fargo, ND 58102
Listing Price: $1,466,000
Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
16.6
Gross SF
2,963
Guarantor
Franchisee Guarantee
Rentable SF
2,963
Price/Gross SF
$494.77
Lease Type
Absolute Net
Rent Per Square Feet
$24.74
Investment Overview
Each location is individually subject to an absolute triple-net lease with zero landlord responsibilities. The remaining lease term for the Fargo location is 17 years.
Exclusively Listed By
Broker of Record
Listing Price: $1,466,000
Cap Rate
5.00%
Tenant Name
Arby's
Years Remaining On Lease
16.6
Gross SF
2,963
Guarantor
Franchisee Guarantee
Rentable SF
2,963
Price/Gross SF
$494.77
Lease Type
Absolute Net
Rent Per Square Feet
$24.74
Investment Highlights
- Portfolio Average Lease Term Remaining of 13 Years
- Established Location and Experienced Tenant
- Healthy Portfolio Wide Rent-to-Sales Ratio
Investment Overview
Each location is individually subject to an absolute triple-net lease with zero landlord responsibilities. The remaining lease term for the Fargo location is 17 years.
Exclusively Listed By
Broker of Record
