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Arby's NNN Cleveland, TN. (Newly Built) 1220 Perimeter SE Dr 2,445 SF Retail Building Cleveland, TN 37323 $1,825,000 ($746.42/SF) 6% Cap Rate
Investment Highlights
- Arby's Brand New Built NNN
- Located in Cleveland, TN (A No Income Tax State)
- Strong Franchisee
- 20 year lease with 4-5 year options
- Located off Interstate 74 & 64 (40,000 Autos a Day)
- 7% Bumps every 5 years.
Executive Summary
Arby's Brand New Built Sale Lease Back
NNN Lease No Landlord Responsibilities
Opened in March 2025
20 Year Lease with 4-5 Year Options
Bumps every 5 years of 7.00%
Located in Cleveland, Tennessee A NO INCOME TAX STATE.
Long Time Franchisee owners and operates 70+ locations in 7 states.
Being Sold under Building Cost
Strong Franchisee
NNN Lease No Landlord Responsibilities
Opened in March 2025
20 Year Lease with 4-5 Year Options
Bumps every 5 years of 7.00%
Located in Cleveland, Tennessee A NO INCOME TAX STATE.
Long Time Franchisee owners and operates 70+ locations in 7 states.
Being Sold under Building Cost
Strong Franchisee
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,445 SF
Building Class
B
Year Built
2025
Price
$1,825,000
Price Per SF
$746.42
Cap Rate
6%
NOI
$109,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.14 AC
Zoning
CH - Designed regulate land use along major roadways or highways.
Frontage
160’ on PERIMETER DR
Nearby Major Retailers
Property Taxes
| Parcel Number | 065E-F-014.02 | Improvements Assessment | $229,680 |
| Land Assessment | $149,080 | Total Assessment | $378,760 |
Property Taxes
Parcel Number
065E-F-014.02
Land Assessment
$149,080
Improvements Assessment
$229,680
Total Assessment
$378,760
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Arby's NNN Cleveland, TN. (Newly Built) | 1220 Perimeter SE Dr
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