1203 N Cass St - Fast Food FOR SALE


Wabash, IN 46992
$1,250,000 USD
917-336-9067
1203 N Cass St, Wabash, IN for Sale
$1,250,000 USD
Fast Food - FOR SALE
1/8
null | 5.26% Cap Rate

1203 N Cass St
Wabash, IN 46992


HIGHLIGHTS

  • 11+ Years Remaining | Options To Extend | Scheduled Rental Increases | Corporate Guaranty
  • Absolute NNN | Zero Landlord Responsibilities
  • Dense Retail Node | Proximity To Numerous Shopping Centers
  • Strong Cass Street Frontage (12,000 VPD)
  • Direct Residential Consumer Base | Strong Demographics

OVERVIEW

• The tenant recently exercised their first renewal option early, demonstrating long-term commitment to the site and resulting in more than 11 years of remaining lease term • (4) remaining 5-year renewal options offer long-term income stability and extension potential • Scheduled 5% rent increases every five years during the primary term and first two options, along with 1% annual increases during the remaining options, support steady NOI growth and offer a built-in hedge against inflation • Lease is backed by a corporate guaranty from Arby’s Restaurant Group, Inc., a wholly owned subsidiary of Inspire Brands, one of the largest restaurant operators in the U.S. with over 33,000 locations nationwide

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$453 USD /SF

CAP RATE

5.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | 11+yrs Remain Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,154 SF

ZONING

GB

APN/PARCEL ID

85-14-03-403-002.000-009

ASK ABOUT THIS PROPERTY

Nick SantagataSRS National Net LeaseMore Info
917-336-9067

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Nick SantagataSRS National Net LeaseMore Info
917-336-9067

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.