Arby's for Sale in Springfield, TN
Springfield, TN
Key Investment Metrics
Price
$2,714,000
Cap Rate
5.1%
Net Operating Income
$138,396
Building Size
3179 SF
Land Area
0.67 Acres
Remaining Term
11.5 years
Lease Expiration
12/31/2037
Lease Term
38 years
Lease Commencement
12/31/1999
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1987
Occupancy
100%
Tenancy
Single
Rent Increases
annual 1.25% rental increases
AI illustration · Not the listed propertyProperty overview
Arby's in Springfield
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 3,179 SF
- Land area
- 0.67 acres
- Year built
- 1987
- Lease type
- Absolute NNN
- Lease expiration
- 12/31/2037
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.