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Arby's | 11yrs Remain Corp Abs NNN 1303 Memorial Blvd 3,179 SF Retail Building Springfield, TN 37172 $2,714,000 ($853.73/SF) 5.10% Cap Rate
Investment Highlights
- 11-Years Remaining | Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases
- Dense Retail Corridor | Excellent Frontage Visibility Springfield High School (1,100+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Springfield, Tennessee. The tenant, Arby’s, recently extended their lease with 11 years remaining and 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.25% rental increases throughout the remainder of the term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,179 SF
Building Class
B
Year Built/Renovated
1987/2008
Price
$2,714,000
Price Per SF
$853.73
Cap Rate
5.10%
NOI
$138,396
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Zoning
C5
Parking
41 Spaces (12.9 Spaces per 1,000 SF Leased)
Frontage
109’ on Memorial Blvd
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Arby's began in Boardman, Ohio, in 1964, founded by Forrest and Leroy Raffel as a fast-food sandwich concept built around roast beef. The company operates as a sandwich restaurant chain within Inspire Brands, with a menu centered on slow-roasted roast beef, turkey, and premium Angus beef sandwiches, along with salads, sides, and beverages. The company has expanded beyond its original roast beef focus while maintaining a franchised restaurant model and a presence across the United States and select international markets.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 080O-D-053.00 | Improvements Assessment | $222,120 |
| Land Assessment | $115,080 | Total Assessment | $337,200 |
Property Taxes
Parcel Number
080O-D-053.00
Land Assessment
$115,080
Improvements Assessment
$222,120
Total Assessment
$337,200
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Arby's | 11yrs Remain Corp Abs NNN | 1303 Memorial Blvd