Restaurant
Arby's
3009 S Dirksen Pkwy, Springfield, IL 62703
Listing Price: $1,170,000
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a strong performing Arby's property consisting of 2,800 square feet on 0.64 acres of land. Arby's has been operating at this location since 1988, they currently have four (4) years remaining on their current term with two additional, 5-Year options & 10% increases every 5 years. They report sales per the lease and currently operate at a healthy 8.5% rent-to-sales ratio. This is an absolute triple net lease with zero landlord responsibilities.
Arby's
Investment Highlights
- Long Term Operations Since 1988
- 8.5% Rent-to-Sales Ratio - Financial Reporting Per Lease
- Sun Holdings Inc. operates over 1,800 restaurants in 27 States, they are the 2nd largest franchisee in the United States.
- Prime Location & High Visibility Fronting S. Dirksen Pkwy (12,000+ Vehicles Per Day)
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $1,170,000
Investment Highlights
- Long Term Operations Since 1988
- 8.5% Rent-to-Sales Ratio - Financial Reporting Per Lease
- Sun Holdings Inc. operates over 1,800 restaurants in 27 States, they are the 2nd largest franchisee in the United States.
- Prime Location & High Visibility Fronting S. Dirksen Pkwy (12,000+ Vehicles Per Day)
Investment Overview
Marcus & Millichap is pleased to offer the opportunity to acquire a strong performing Arby's property consisting of 2,800 square feet on 0.64 acres of land. Arby's has been operating at this location since 1988, they currently have four (4) years remaining on their current term with two additional, 5-Year options & 10% increases every 5 years. They report sales per the lease and currently operate at a healthy 8.5% rent-to-sales ratio. This is an absolute triple net lease with zero landlord responsibilities.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
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