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Arby's NNN Cleveland, TN. (Newly Built) 1220 Perimeter SE Dr 2,445 SF Retail Building Cleveland, TN 37323 $2,000,000 ($818.00/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)
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 5.85%
Located in Cleveland, Tennessee A NO INCOME TAX STATE.
Long Time Franchisee owners and operates 70+ locations in 7 states.
Strong Franchisee
NNN Lease No Landlord Responsibilities
Opened in March 2025
20 Year Lease with 4-5 Year Options
Bumps every 5 years of 5.85%
Located in Cleveland, Tennessee A NO INCOME TAX STATE.
Long Time Franchisee owners and operates 70+ locations in 7 states.
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
$2,000,000
Price Per SF
$818.00
Cap Rate
6%
NOI
$120,000
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 | $158,680 |
| Land Assessment | $153,160 | Total Assessment | $311,840 |
PROPERTY TAXES
Parcel Number
065E-F-014.02
Land Assessment
$153,160
Improvements Assessment
$158,680
Total Assessment
$311,840
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Arby's NNN Cleveland, TN. (Newly Built) | 1220 Perimeter SE Dr
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