Restaurant
Jersey Mike's Subs
2416 N Ocoee St, Cleveland, TN 37311
Listing Price: $600,550
Cap Rate
6.80%
Tenant Name
Jersey Mike's Subs
Years Remaining On Lease
10.4
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$400.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.23
Investment Overview
Freestanding net leased Jersey Mike's Subs with 10 years remaining on lease.
Jersey Mike's Subs
Investment Highlights
- 10 Years Remaining on Lease with Two 5-Year Options
- Rent Increases Every 5 Years and in Each Option
- Situated Across From Bradley Medical Center Hospital and Close to Numerous Medical Offices and Schools Driving a Strong Daytime Customer Base
- Tenant is an Established Operator with Several Locations and Corporate Level Experience in the Jersey Mike's Organization
Exclusively Listed By
Broker of Record
Listing Price: $600,550
Cap Rate
6.80%
Tenant Name
Jersey Mike's Subs
Years Remaining On Lease
10.4
Gross SF
1,500
Guarantor
Franchisee Guarantee
Rentable SF
1,500
Price/Gross SF
$400.37
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.23
Investment Highlights
- 10 Years Remaining on Lease with Two 5-Year Options
- Rent Increases Every 5 Years and in Each Option
- Situated Across From Bradley Medical Center Hospital and Close to Numerous Medical Offices and Schools Driving a Strong Daytime Customer Base
- Tenant is an Established Operator with Several Locations and Corporate Level Experience in the Jersey Mike's Organization
Investment Overview
Freestanding net leased Jersey Mike's Subs with 10 years remaining on lease.
Exclusively Listed By
Broker of Record
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