Restaurant

Subway - Absolute Net - 10 Year - Sale Leaseback

1621 E Eldorado St, Decatur, IL 62526

Listing Price: $960,000

Cap Rate
6.50%
Tenant Name
Subway
Gross SF
4,000
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Price/Gross SF
$240.00
Lease Type
Absolute Net
Rent Per Square Feet
$15.59

Investment Overview

Subway leases 100% of the 4,000 sf. This building was built as a two-tenant property. Subway's operator sub-leases 1,700 sf to Carolyn's Mega Slots for $18,000/year. Subway pays all the expense at the property. The $18,000/year from Carolyns Mega Slots is included in the NOI of $62,370.

Investment Highlights

  • New 10-Year Lease Term at Close of Escrow
  • Sale Leaseback - Franchise Operator
  • Absolute Net - Zero Landlord Responsibilities
  • 10% Increases Every 5 Years | 3, 5-Year Options
  • 20 Year Operating History: Relocated to Adjacent Corner; Newly Built 2013
  • One of the Fastest-Growing Franchises in the World

Exclusively Listed By

Restaurant

Subway - Absolute Net - 10 Year - Sale Leaseback

Listing Price: $960,000

Cap Rate
6.50%
Tenant Name
Subway
Gross SF
4,000
Guarantor
Franchisee Guarantee
Rentable SF
4,000
Price/Gross SF
$240.00
Lease Type
Absolute Net
Rent Per Square Feet
$15.59

Investment Highlights

  • New 10-Year Lease Term at Close of Escrow
  • Sale Leaseback - Franchise Operator
  • Absolute Net - Zero Landlord Responsibilities
  • 10% Increases Every 5 Years | 3, 5-Year Options
  • 20 Year Operating History: Relocated to Adjacent Corner; Newly Built 2013
  • One of the Fastest-Growing Franchises in the World

Investment Overview

Subway leases 100% of the 4,000 sf. This building was built as a two-tenant property. Subway's operator sub-leases 1,700 sf to Carolyn's Mega Slots for $18,000/year. Subway pays all the expense at the property. The $18,000/year from Carolyns Mega Slots is included in the NOI of $62,370.

Exclusively Listed By

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