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2022 E Lincolnway - Goshen Commons Plaza, Goshen, IN

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2022 E Lincolnway - Goshen Commons Plaza

NEC
Goshen, IN 46526 - Outlying Elkhart County Submarket


Property Type:Retail Sub Type:Fast Food Status:Existing Year Built:1997
Building Size:2,788 SF Land Area:.81 AC (35,284 SF)
For Sale Price:$2,073,000 Price/SF:$743.54
Cap Rate:6.75 %
Parking:Free Surface spaces are available
Features:Pylon Sign, Signage, Drive Thru



Sale Notes:
The subject property is a freestanding Arby' s located in Goshen, Indiana. Arby' s has 12-plus years left on the initial lease with two five-year options. The lease calls for eight percent rent escalations every five years in the original term and option periods. The subject property is operated by an
experienced franchisee with 25-plus years of experience with Arby' s, and experience with numerous other restaurant concepts. The franchisee currently operates 11 Arby' s and seven Buffalo Wild Wings and has operated as many as 42 Arby' s in three states in the past. The asset is located across the street from Menards one half mile northwest of a Wal-Mart Supercenter. Other retailers in the immediate area include McDonald' s, Burger King, Dollar General, Sears and Wings Etc. to name a few.

SVN The Kase Group
Jeff Bracco
(510) 388-4438




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