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Restaurant

Arby's

24751 John T Reid Pkwy, Scottsboro, AL 35768

Listing Price: $1,428,571

Cap Rate
5.25%
Tenant Name
Restaurant Management, Inc. – 60+ Units
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
2,971
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.24

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Arby’s located at 24751 John T. Reid Parkway in Scottsboro, Alabama. The site consists of roughly 2,971 rentable square feet of building space on estimated 0.89-acre parcel of land. This Arby’s is subject to a 15-year absolute triple-net (NNN) lease extension, which commences March 1st, 2022. The new annual rent will be $75,000 and is scheduled to increase by ten percent (5%) every five (5) years throughout the base term and in each of the Five (5), five (5)-year renewal options.

Investment Highlights

  • Long-Term Tenant, Amendment and Extension of Current Lease
  • 15-Year Absolute Triple Net (NNN) Lease Extension
  • Five Percent (5%) Rental Increases Occurring Every Five (5) Years
  • Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,428,571

Cap Rate
5.25%
Tenant Name
Restaurant Management, Inc. – 60+ Units
Years Remaining On Lease
15.4
Guarantor
Corporate Guarantee
Rentable SF
2,971
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.24

Investment Highlights

  • Long-Term Tenant, Amendment and Extension of Current Lease
  • 15-Year Absolute Triple Net (NNN) Lease Extension
  • Five Percent (5%) Rental Increases Occurring Every Five (5) Years
  • Five (5), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Arby’s located at 24751 John T. Reid Parkway in Scottsboro, Alabama. The site consists of roughly 2,971 rentable square feet of building space on estimated 0.89-acre parcel of land. This Arby’s is subject to a 15-year absolute triple-net (NNN) lease extension, which commences March 1st, 2022. The new annual rent will be $75,000 and is scheduled to increase by ten percent (5%) every five (5) years throughout the base term and in each of the Five (5), five (5)-year renewal options.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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