Arby's for Sale in Brevard, NC
Brevard, NC
Key Investment Metrics
Price
$2,574,000
Cap Rate
6.0%
Net Operating Income
$154,416
Building Size
3200 SF
Land Area
1.28 Acres
Remaining Term
16 years
Lease Expiration
08/31/2042
Lease Term
20 years
Lease Commencement
08/11/2022
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
2002
Occupancy
100%
Tenancy
Single
Rent Increases
8% Every 5 Years
AI illustration · Not the listed propertyProperty overview
Arby's in Brevard
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,200 SF
- Land area
- 1.28 acres
- Year built
- 2002
- Lease type
- Absolute NNN
- Lease expiration
- 08/31/2042
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.