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Arby’s Restaurant – $1,351,000

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Arby’s Restaurant – $1,351,000 2017-04-26T19:34:30+00:00

Project Description

5680 Harrison Avenue

Cincinnati, OH 45247

2,806 SF Retail for Sale

Arby's Restaurant


Price: $1,351,000
Building Size: 2,806 SF
Price/SF: $481.47
Property Type: Retail
Property Sub-type: Free Standing Bldg
Property Use: Net Lease Investment with 12 years left on lease
Commission Split:  Call Agent
Cap Rate:  6.23%
Tenancy:  Single
Year Built:  1993 / 2011 (remodeled)
Lot Size:  1.34 AC

Description:

The subject property affords investors the rare opportunity to acquire a superbly located Arby’s Restaurant located in Cincinnati, Ohio. Built originally in 1993 and completely remodeled in 2011, the 2,806 square foot building has successfully operated as an Arby’s Restaurant for twenty-three years. The property sit on a large, elevated 1.34 acre lot immediately to the west of Manchester Plaza. Due to its location Arby’s enjoys great street/traffic visibility along Harrison Ave, a major thoroughfare with over 36,000 cars per day. Manchester Plaza is occupied by national giants like Dollar Tree, ALDI, Dollar General. Other retailers in the immediate vicinity include Kroger’s, Lowes, O’Reilly Auto Parts as well as entertainment option such as 14 screen Cinemark Movie Theater.

The lease is absolute net in nature and requires absolutely zero landlord responsibilities. There are currently over 12 years remaining on an initial lease term that is complimented by (3), 5-year option periods that extend through 2044.

Attachments:

Marketing Brochure

Highlights:

  • 63 Unit Franchise Guarantee (over 50 years in business)
  • 12 Years Remaining On Primary Lease Term
  • Excellent Cincinnati Location with limited competition
  • 7.5% Increases every 5 years
  • Located along Harrison Ave(36,000 cars per day)
  • 190,000+ Residents Within 5-Mile Radius of Property
  • Recently Remodeled
  • Absolute NNN Lease — No Landlord Responsibilities