Gaylord, MI Cap Rate: 5.85% Prime Net Lease has retained the exclusive rights to market this corporately guaranteed 7-Eleven location. The property is located in is located in Gaylord, MI. 7-Eleven has operated at the site for the past 38 years. This location benefits from limited competition as there is no other 7-Eleven in town. Built originally in 1978 and completely remodeled by early 2006, this location has 3.5 years left on current NNN lease. There are four 5-year options.
Detroit, MI Cap Rate: 5.30% The subject property affords investors an opportunity to acquire a KFC/Pizza Hut located in Detroit, MI. There is 19 years left on an absolute NNN lease. The lease is backed by one of the largest QSR Franchisee in the US. Currently operating 449 Units, the lease guarantee encompasses all 449 units. This location benefits from limited competition and has excellent store sales with a rent to sales ration of 6.5%. Built originally in 1973 and slated to be completely remodeled by early 2018, the 2,400 square foot building has successfully operated as an KFC Restaurant since 1973.
Indianapolis, IN Cap Rate: 5.45% Rare opportunity to acquire a superbly located Arby’s Restaurant in Speedway, IN. Built in 1995 and remodeled in 2011, the 2,716 sf building has successfully operated an Arby’s Restaurant for twenty-two years. Sits on an outparcel of Speedway Supercenter, which is occupied by retail giants such as Kohl’s, Kroger, TJ Maxx, Petco, Sears Outlet, Advance Auto Parts and Goodyear as well food options such as KFC and Applebee's. Arby’s enjoys great street/traffic visibility along Crawfordsville Roade, with over 37,000 cars per day.
Cincinnati, OH Cap Rate: 6.23% The subject is a superbly located Arby’s Restaurant located in Cincinnati, Ohio with 12+ years remaining on an absolute NNN lease. 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.