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Restaurant

Arby's (20-Yr Leaseback - 170 Unit Franchisee)

1719 US-19E, Elizabethton, TN 37643

Listing Price: $2,858,000

Cap Rate
5.35%
Tenant Name
Arby's
Gross SF
2,738
Guarantor
Franchisee Guarantee
Rentable SF
2,738
Price/Gross SF
$1,043.83
Lease Type
Absolute Net
Rent Per Square Feet
$55.85

Investment Overview

Marcus & Millichap is proud to offer an exclusive listing for the Arby’s located at 1719 Highway 19E in Elizabethton, Tennessee. The site consists of 2,738 total square feet of building which sits on 0.88 acres parcel of land. The site will be subject to a 20-year sale-leaseback with AES Restaurants who operates over 170 restaurants in 16 different states. The lease will call for 10% rental escalations each five year period
during the base term and throughout the four, five-year
renewal option periods.

Investment Highlights

  • 20-Year Sale-Leaseback Signed at Closing with 170+ Unit Arby's Franchisee
  • Absolute NNN Lease with 10% Rental Escalations Every 5 Years Throughout the Lease
  • The Franchisee (AES Restaurants) Operates 170+ Restaurants in 12 States
  • Nearby Retailers Include Burger King, Scooter's Coffee, McDonald's, Dollar General, Advance Auto Parts, Runnings and Walmart Supercenter
  • Ideally Located Along Highway 19E as a Shopping Center Outparcel

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

Arby's (20-Yr Leaseback - 170 Unit Franchisee)

Listing Price: $2,858,000

Cap Rate
5.35%
Tenant Name
Arby's
Gross SF
2,738
Guarantor
Franchisee Guarantee
Rentable SF
2,738
Price/Gross SF
$1,043.83
Lease Type
Absolute Net
Rent Per Square Feet
$55.85

Investment Highlights

  • 20-Year Sale-Leaseback Signed at Closing with 170+ Unit Arby's Franchisee
  • Absolute NNN Lease with 10% Rental Escalations Every 5 Years Throughout the Lease
  • The Franchisee (AES Restaurants) Operates 170+ Restaurants in 12 States
  • Nearby Retailers Include Burger King, Scooter's Coffee, McDonald's, Dollar General, Advance Auto Parts, Runnings and Walmart Supercenter
  • Ideally Located Along Highway 19E as a Shopping Center Outparcel

Investment Overview

Marcus & Millichap is proud to offer an exclusive listing for the Arby’s located at 1719 Highway 19E in Elizabethton, Tennessee. The site consists of 2,738 total square feet of building which sits on 0.88 acres parcel of land. The site will be subject to a 20-year sale-leaseback with AES Restaurants who operates over 170 restaurants in 16 different states. The lease will call for 10% rental escalations each five year period during the base term and throughout the four, five-year renewal option periods.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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