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Restaurant

Arby's

4650 University Dr, Evansville, IN 47712

Listing Price: $2,171,232

Cap Rate
6.25%
Tenant Name
Arby's
Years Remaining On Lease
7.2
Gross SF
3,263
Guarantor
Corporate Guarantee
Rentable SF
3,263
Price/Gross SF
$665.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.59

Investment Overview

7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options | Eight Percent Rental Increases Every Five Years and in Options
 
Strategically Located in West Evansville’s Main Retail Corridor Along Lloyd Expressway, the City’s Main Thoroughfare with Exposure to a Combined 28,664 Vehicles Per Day
 
Surrounded by National Retailers: McDonald’s, Chick-fil-A, Walmart, Home Depot, Lowe’s, Shnuck’s Grocery, Aldi, Kohl’s, Starbucks, Chipotle, Culver’s, Verizon, T-Mobile, Olive Garden, Panera Bread, CVS Pharmacy. Taco Bell, O’Reilly Auto Parts, AutoZone, Valvoline and Many Others
Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment

Nearby Walmart Supercenter has 2.5 Million Visitors per Year | #1 Walmart in 30 Miles | Ranks in the Top 12 Percent in State and Top 18 Percent Nationally

The Surrounding Centers, University Village and Evansville West Center Generate More than 2.6 Million Visitors per Year

Located Across from Progressive Health Headquarters and Medical Offices with 500+ Employees and Peyton Manning Children’s Hospital

Three Miles from Downtown Evansville, Indiana’s Third-Largest City | Evansville Metro is Growing and Maintains a Population of 317,000 Residents | Evansville is the Primary City in Southwestern Indiana Serving a Trade Area of 520,000 People

Investment Highlights

  • 7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby's Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options
  • Strategically Located in West Evansville's Main Retail Corridor Along Lloyd Expressway, the City's Main Thoroughfare with Exposure to a Combined 28,664 Vehicles Per Day
  • Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment

Exclusively Listed By

Listing Price: $2,171,232

Cap Rate
6.25%
Tenant Name
Arby's
Years Remaining On Lease
7.2
Gross SF
3,263
Guarantor
Corporate Guarantee
Rentable SF
3,263
Price/Gross SF
$665.41
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$41.59

Investment Highlights

  • 7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby's Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options
  • Strategically Located in West Evansville's Main Retail Corridor Along Lloyd Expressway, the City's Main Thoroughfare with Exposure to a Combined 28,664 Vehicles Per Day
  • Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment

Investment Overview

7.5 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options | Eight Percent Rental Increases Every Five Years and in Options   Strategically Located in West Evansville’s Main Retail Corridor Along Lloyd Expressway, the City’s Main Thoroughfare with Exposure to a Combined 28,664 Vehicles Per Day   Surrounded by National Retailers: McDonald’s, Chick-fil-A, Walmart, Home Depot, Lowe’s, Shnuck’s Grocery, Aldi, Kohl’s, Starbucks, Chipotle, Culver’s, Verizon, T-Mobile, Olive Garden, Panera Bread, CVS Pharmacy. Taco Bell, O’Reilly Auto Parts, AutoZone, Valvoline and Many Others Only 2.5 Miles from University of Southern Indiana Main Campus, a 1,400 Acre Campus with 9,286 Student Enrollment Nearby Walmart Supercenter has 2.5 Million Visitors per Year | #1 Walmart in 30 Miles | Ranks in the Top 12 Percent in State and Top 18 Percent Nationally The Surrounding Centers, University Village and Evansville West Center Generate More than 2.6 Million Visitors per Year Located Across from Progressive Health Headquarters and Medical Offices with 500+ Employees and Peyton Manning Children’s Hospital Three Miles from Downtown Evansville, Indiana’s Third-Largest City | Evansville Metro is Growing and Maintains a Population of 317,000 Residents | Evansville is the Primary City in Southwestern Indiana Serving a Trade Area of 520,000 People

Exclusively Listed By

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