3739 N Newton St - Fast Food FOR SALE


Jasper, IN 47546
$2,329,250 USD
310-996-2238
3739 N Newton St, Jasper, IN for Sale
$2,329,250 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

3739 N Newton St
Jasper, IN 47546


HIGHLIGHTS

  • ABSOLUTE NNN GROUND LEASE: No landlord responsibilities
  • CORPORATE LEASE: Arby's Restaurant Group, Inc
  • ESTABLISHED LOCATION: Arby’s has been successfully operating in the subject location for over 35 years

OVERVIEW

Kidder Mathews is pleased to offer the opportunity to acquire this investment property that is comprised of an absolute NNN ground leased by Arby’s Restaurant Group, Inc. ("Tenant") at 3739 N Newton St, Jasper, IN 47546 ("Property"). This opportunity consists of a freestanding single-tenant property with approximately three years left on the base term. This property is absolute NNN, which allows for truly passive ownership. The property is located at the entrance of the Germantown power-center with tenants including Kohl’s, Bath and Body Works, Harbor Freight and TJ Maxx to name a few . It is located within close proximity to several destination retailers such as Walmart Supercenter, Ross Dress for Less, Home Depot, Dollar General, Sherwin Williams, McDonald’s, Wendy’s, Burger King, Zaxby’s, and others.

FOR SALE DETAILS

PRICE

$2,329,250 USD

PRICE/SF

$835 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Arby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,000 SF

ZONING

-

APN/PARCEL ID

19-06-14-300-011.001-002

ASK ABOUT THIS PROPERTY

Fred AframianKidder MathewsMore Info
310-996-2238

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

Fred AframianKidder MathewsMore Info
310-996-2238

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