Restaurant

Arby's

619 North Ave, Battle Creek, MI 49017

Listing Price: $1,383,334

Cap Rate
6.00%
Tenant Name
SYBRA, LLC
Years Remaining On Lease
6.60
Gross SF
2,935
Rentable SF
2,935
Price/Gross SF
$471.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.28

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Arbys located at 619 North Avenue in Battle Creek, Michigan. The site consists of roughly 2,935 rentable square feet of building space on estimated 0.42-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 $83,000 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 tenant 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: $1,383,334

Cap Rate
6.00%
Tenant Name
SYBRA, LLC
Years Remaining On Lease
6.60
Gross SF
2,935
Rentable SF
2,935
Price/Gross SF
$471.32
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$28.28

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 619 North Avenue in Battle Creek, Michigan. The site consists of roughly 2,935 rentable square feet of building space on estimated 0.42-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 $83,000 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 tenant 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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