932 N Jackson St - Fast Food FOR SALE


Tullahoma, TN 37388
$1,400,000 USD
858-449-4503
932 N Jackson St, Tullahoma, TN for Sale
$1,400,000 USD
Fast Food - FOR SALE
1/7
null | 5.22% Cap Rate

932 N Jackson St
Tullahoma, TN 37388


HIGHLIGHTS

  • LOW RENT TO SALES BELOW 5% - EXTREMELY PROFITABLE LOCATION
  • CORPORATE LONG TERM ABSOLUTE NNN LEASE
  • IDEAL LOCATION NEXT TO HIGH SCHOOL – 1,100+ STUDENTS
  • MAJOR RETAIL CORRIDOR – HIGH TRAFFIC COUNTS
  • BUILT IN CUSTOMER BASE –AIR FOCE BASE, REGIONAL AIRPORT AND MEDICAL CENTER

OVERVIEW

INVESTMENT HIGHLIGHTS CORPORATELY GUARANTEED LEASE • $3.884 billion in Revenue (FY 2019) • 60+ years in business • 3,600+ restaurants globally • ~80,000 employees EXCELLENT STORE SALES ABOVE NATIONAL AVERAGE – LOW RENT TO SALES • Very healthy and profitable rent to sales under 5% - inquire with Broker for additional confidential sales information • Sales have consistently been above the national average for Arby’s • Below market rent for high performing QSR providing tremendous security ATTRACTIVE LONG TERM CORPORATE ABSOLUTE NNN LEASE • Completely passive NNN investment – ZERO landlord responsibilities • Attractive 7.5% increases every 5 years in the Primary and Option Terms #3 SANDWICH COMPANY IN THE U.S. • Arby’s ranked third in systemwide sales in the US in quick service and fast-casual restaurants behind Subway and Panera in 2012. LARGE PARENT COMPANY – INSPIRE BRANDS • Arby’s Restaurant Group Inc is the flagship property of Inspire Brands • Inspire Brands is the parent company of Arby’s, Buffalo Wild Wings, Dunkin’ Donuts, Sonic Drive In, Jimmy John’s and Baskin Robbins COVID-19 AND ECOMMERCE RESISTANT BUSINESS • Fast food drive thru buildings were one of the few Essential Services that were allowed to remain open for business throughout the pandemic PROPERTY HIGHLIGHTS LOCATED DIRECTLY ACROSS THE STREET FROM TULLAHOMA HIGH SCHOOL • Over 1,100 students enrolled providing steady customer base BUILT IN CUSTOMER BASE – MAJOR EMPLOYERS IN TRADE AREA • Arby’s is surrounded by several major employers in the immediate trade area including: o Tullahoma Regional Airport o Arnold Air Force Base o Harton Regional Medical Center o Tullahoma High School MAJOR RETAIL CORRIDOR - IDEALLY LOCATED IN DOWNTOWN TULLAHOMA • Northgate Mall Tullahoma – Publix Anchored Shopping Center • Kroger Anchored Shopping Center • Walmart and Lowe’s Anchored Shopping Centers HIGH TRAFFIC COUNTS ALONG MAJOR CORRIDOR • Subject property is well located along N. Jackson Street, a major north/south thoroughfare through Tullahoma • 22,710 cars per day in front of subject property

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$545 USD /SF

CAP RATE

5.22%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corp Arby's | Low RTS Under 5% | High Traffic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C2

APN/PARCEL ID

124G-A-021.00

ASK ABOUT THIS PROPERTY

Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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Ed Colson, CCIMInvestCore CommercialMore Info
858-449-4503

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