Restaurant
Arby's
164 Plaza Rd SW, Wise, VA 24293
Listing Price: $1,505,777
Cap Rate
6.75%
Tenant Name
Arby's
Years Remaining On Lease
10.0
Gross SF
2,912
Guarantor
Franchisee Guarantee
Rentable SF
2,912
Price/Gross SF
$517.09
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.90
Investment Overview
See Highlights
Arby's
Investment Highlights
- Best-in-Class Tenant - This location reports strong store sales and is an established national fast-food brand with superior brand recognition and a large customer base.
- Absolute Net - The property features an absolute net lease, providing an investor with passive income and no landlord responsibilities.
- Strategic Location - Situated within a strong retail corridor of Wise, the property is surrounded by major national retailers such as Lowe's, Walmart, McDonald's, AutoZone, and many other
- Long Lease Term - There are over 10 years remaining on the initial lease term, with six additional five-year option periods. There are rental increases every five years in the initial term as well as in the option periods.
- Strong Visibility and Access - The property is positioned directly off U.S. Highway 23 which reports over 21,800 vehicles per day.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic
Listing Price: $1,505,777
Cap Rate
6.75%
Tenant Name
Arby's
Years Remaining On Lease
10.0
Gross SF
2,912
Guarantor
Franchisee Guarantee
Rentable SF
2,912
Price/Gross SF
$517.09
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$34.90
Investment Highlights
- Best-in-Class Tenant - This location reports strong store sales and is an established national fast-food brand with superior brand recognition and a large customer base.
- Absolute Net - The property features an absolute net lease, providing an investor with passive income and no landlord responsibilities.
- Strategic Location - Situated within a strong retail corridor of Wise, the property is surrounded by major national retailers such as Lowe's, Walmart, McDonald's, AutoZone, and many other
- Long Lease Term - There are over 10 years remaining on the initial lease term, with six additional five-year option periods. There are rental increases every five years in the initial term as well as in the option periods.
- Strong Visibility and Access - The property is positioned directly off U.S. Highway 23 which reports over 21,800 vehicles per day.
Investment Overview
See Highlights
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director, Market Leader- Mid-Atlantic
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