100 Speedway Dr | Newark, OH 43055
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100 Speedway Dr
Newark, OH 43055
Corp Arby's | Early Extension | 10+ Yrs NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporately guaranteed lease from Inspire Brands which had 32,600+ restaurants and $32.5B+ in global sales in FY2023
- Early lease extension | Arby’s just extended their lease early, bringing the total base term to over 10 years
- Excellent visibility from State Road 16 which boasts nearly 36,570 VPD
- Passive investment | Absolute NNN lease | Zero Landlord responsibilities
- 1.70% annual rent increases throughout the base term and options | Great hedge against inflation | Average CAP of 6.48% over the remaining base term
- Walking distance to the Cherry Valley Hotel | 200+ rooms
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,320 SF
Building Class
B
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.28 AC
Parking
49 Spaces (12.35 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $162,020 | |
| Land Assessment | $174,690 | Total Assessment | $336,710 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$174,690
Improvements Assessment
$162,020
Total Assessment
$336,710
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