Arby's for Sale in Herkimer, NY
Herkimer, NY
Key Investment Metrics
Price
$2,041,217
Cap Rate
5.8%
Net Operating Income
$117,370
Building Size
2415 SF
Remaining Term
12 years
Lease Expiration
01/31/2038
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Tenancy
Single
Rent Increases
10% every 5 years
AI illustration · Not the listed propertyProperty overview
Arby's in Herkimer
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,415 SF
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2038
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.