1303 Memorial Blvd - Fast Food FOR SALE


Springfield, TN 37172
$2,714,000 USD
214-561-6004
1303 Memorial Blvd, Springfield, TN for Sale
$2,714,000 USD
Fast Food - FOR SALE
1/6
null | 5.1% Cap Rate

1303 Memorial Blvd
Springfield, TN 37172


HIGHLIGHTS

  • 11-Years Remaining | Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Excellent Frontage Visibility Springfield High School (1,100+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Springfield, Tennessee. The tenant, Arby’s, recently extended their lease with 11 years remaining and 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.25% rental increases throughout the remainder of the term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

FOR SALE DETAILS

PRICE

$2,714,000 USD

PRICE/SF

$854 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's | 11yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

C5

APN/PARCEL ID

080O-D-053.00

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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