Restaurant

Arby's

503 Lansing Rd, Charlotte, MI 48813

Listing Price: $1,650,000

Cap Rate
6.00%
Tenant Name
SYBRA, LLC
Years Remaining On Lease
6.60
Gross SF
2,569
Rentable SF
2,569
Price/Gross SF
$642.27
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.54

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Arbys located at 503 E Lansing Road in Charlotte, Michigan. The site consists of roughly 2,543 rentable square feet of building space on estimated .44-acre parcel of land. This Arbys is subject to a 10-year absolute triple-net (NNN) lease, which commenced May 1st, 2017. The current annual rent is $99,000 and is scheduled to increase by three percent (3.00%) every four (4) years throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Arbys Restaurant Group, Inc.
  • 10 Year Lease with 6.5 Years Remaining on the Base Term

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Listing Price: $1,650,000

Cap Rate
6.00%
Tenant Name
SYBRA, LLC
Years Remaining On Lease
6.60
Gross SF
2,569
Rentable SF
2,569
Price/Gross SF
$642.27
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$38.54

Investment Highlights

  • Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities
  • Corporate Guarantee from Arbys Restaurant Group, Inc.
  • 10 Year Lease with 6.5 Years Remaining on the Base Term

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Arbys located at 503 E Lansing Road in Charlotte, Michigan. The site consists of roughly 2,543 rentable square feet of building space on estimated .44-acre parcel of land. This Arbys is subject to a 10-year absolute triple-net (NNN) lease, which commenced May 1st, 2017. The current annual rent is $99,000 and is scheduled to increase by three percent (3.00%) every four (4) years 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

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