1303 Memorial Blvd | Springfield, TN 37172
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- LoopNet Team
1303 Memorial Blvd
Springfield, TN 37172
Arby's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease – The lease is absolute NNN with the Tenant being responsible for all expenses and maintenance related to the property
- Proven Operating History – Arby’s has been operating at the location for over 20 years, recently remodeling the building and renewing an option period
- Nashville, TN MSA – Springfield is a suburb of Nashville, the capital of Tennessee, and home to almost 700,000 people
- Corporate Guarantee – The lease is guaranteed by Arby’s corporate entity, providing a substantial net worth backing the rent and lease obligations
- Recent Remodel – The tenant recently remodeled the building at its expense, demonstrating commitment to the location
- Recession & Pandemic Resistant Tenant – Historically, quick service restaurants maintain success in an economic recession
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,179 SF
Building Class
B
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.63 AC
Zoning
C - zoned for commercial use
Parking
42 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
109’ on Memorial Blvd
PROPERTY TAXES
| Parcel Number | 080O-D-053.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $337,200 |
PROPERTY TAXES
Parcel Number
080O-D-053.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$337,200
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