Restaurant

Fazoli's

703 3rd Ave, Jasper, IN 47546

Listing Price: $1,333,062

Cap Rate
6.25%
Tenant Name
Fazoli's Joint Venture, LTD
Years Remaining On Lease
17.20
Gross SF
3,465
Guarantor
Fazoli's Restaurant Group, Inc.
Rentable SF
3,465
Price/Gross SF
$384.72
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.05

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Fazolis located at 703 Third Avenue in Jasper, Indiana. The site consists of roughly 3,465 rentable square feet of building space on estimated 0.66-acre parcel of land. This Fazolis is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 31st, 2017. The current annual rent is $83,361 and is scheduled to increase by one-point five percent (1.50%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.5 Years Remaining
  • One and One-Half Percent (1.50%) Annual Rental Increases

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $1,333,062

Cap Rate
6.25%
Tenant Name
Fazoli's Joint Venture, LTD
Years Remaining On Lease
17.20
Gross SF
3,465
Guarantor
Fazoli's Restaurant Group, Inc.
Rentable SF
3,465
Price/Gross SF
$384.72
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.05

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Approximately 17.5 Years Remaining
  • One and One-Half Percent (1.50%) Annual Rental Increases

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Fazolis located at 703 Third Avenue in Jasper, Indiana. The site consists of roughly 3,465 rentable square feet of building space on estimated 0.66-acre parcel of land. This Fazolis is subject to a 20-year absolute triple-net (NNN) lease, which commenced December 31st, 2017. The current annual rent is $83,361 and is scheduled to increase by one-point five percent (1.50%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

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