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Restaurant

Arby's

2960 W Parrish Ave, Owensboro, KY 42301

Listing Price: $1,818,968

Cap Rate
6.10%
Tenant Name
Arby's
Years Remaining On Lease
7.2
Gross SF
3,422
Guarantor
Corporate Guarantee
Rentable SF
3,422
Price/Gross SF
$531.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.42

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 | Ten Percent Rental Increases Every 5 Years and in Options

Strategically Located Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City’s Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development

Surrounded by National Retailers: Kroger, Publix, Tractor Supply Company, McDonald’s, Burger King, Publix, Goodwill, Advance Auto Parts, O’Reilly Auto Parts, Ollie’s Bargain Outlet, Little Caesar’s, Sonic, AutoZone, Ace Hardware, US Bank, Marathon and Others

½ Mile to Owensboro-Daviess County Regional Airport and the area’s Newest 480-Acre Industrial Park, MidAmerica Airpark

Owensboro is the Fourth-Largest City in Kentucky and the Principal City of the Owensboro MSA with a Population of 114,752. It is the Second-Largest City in the 30-County Tri-State Area Serving Over 900,000 Residents

Owensboro is Booming with $414 Million in Investments and 700 New Jobs in 2024 | The City is Recognized as the Barbecue Capital of the World and Home to the Bluegrass Music Hall of Fame & Museum

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 Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City's Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development
  • ½ Mile to Owensboro-Daviess County Regional Airport and the area's Newest 480-Acre Industrial Park, MidAmerica Airpark

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (502) 329-5900

    License(s) KY: 286261

    Kentucky

Listing Price: $1,818,968

Cap Rate
6.10%
Tenant Name
Arby's
Years Remaining On Lease
7.2
Gross SF
3,422
Guarantor
Corporate Guarantee
Rentable SF
3,422
Price/Gross SF
$531.55
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.42

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 Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City's Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development
  • ½ Mile to Owensboro-Daviess County Regional Airport and the area's Newest 480-Acre Industrial Park, MidAmerica Airpark

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 | Ten Percent Rental Increases Every 5 Years and in Options Strategically Located Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City’s Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development Surrounded by National Retailers: Kroger, Publix, Tractor Supply Company, McDonald’s, Burger King, Publix, Goodwill, Advance Auto Parts, O’Reilly Auto Parts, Ollie’s Bargain Outlet, Little Caesar’s, Sonic, AutoZone, Ace Hardware, US Bank, Marathon and Others ½ Mile to Owensboro-Daviess County Regional Airport and the area’s Newest 480-Acre Industrial Park, MidAmerica Airpark Owensboro is the Fourth-Largest City in Kentucky and the Principal City of the Owensboro MSA with a Population of 114,752. It is the Second-Largest City in the 30-County Tri-State Area Serving Over 900,000 Residents Owensboro is Booming with $414 Million in Investments and 700 New Jobs in 2024 | The City is Recognized as the Barbecue Capital of the World and Home to the Bluegrass Music Hall of Fame & Museum

Exclusively Listed By

Broker of Record

  • Grant Fitzgerald

    Managing Director, Market Leader- Ohio

    (502) 329-5900

    License(s): KY: 286261

    Kentucky

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