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Arby's | Owensboro, KY 2960 W Parrish Ave 3,422 SF Retail Building Owensboro, KY 42301 $1,818,968 ($531.55/SF) 6.10% Cap Rate
Investment Highlights
- 7.2 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease
- ½ Mile to Owensboro-Daviess County Regional Airport and the Area’s Newest 480-Acre Industrial Park, MidAmerica Airpark
- Strategically Located Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City’s Main East/West Artery
Executive Summary
7.2 Years Remaining on Freestanding QSR with Drive Thru | Arby’s Restaurant Group (Inspire Brands) Corporately Guaranteed Absolute NNN Lease with Three, Five-Year Renewal Options | 10% Rental Increases Every Five Years and in Options
Strategically Located Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City’s Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development
Surrounded by National Retailers: Kroger, Publix, Tractor Supply Company, McDonald’s, Burger King, Publix, Goodwill, Advance Auto Parts, O’Reilly Auto Parts, Ollie’s Bargain Outlet, Little Caesar’s, Sonic, AutoZone, Ace Hardware, US Bank, Marathon and Others
½ Mile to Owensboro-Daviess County Regional Airport and the Area’s Newest 480-Acre Industrial Park, MidAmerica Airpark
Owensboro is the Fourth-Largest City in Kentucky and the Principal City of the Owensboro MSA with a Population of 114,752. It is the Second-Largest City in the 30-County Tri-State Area Serving Over 900,000 Residents
Owensboro is Booming with $414 Million in Investments and 700 New Jobs in 2024 | The City is Recognized as the Barbecue Capital of the World and Home to the Bluegrass Music Hall of Fame & Museum
Strategically Located Directly Off US Hwy 60/Wendell Ford Expressway as a Kroger Outparcel on W Parrish Avenue – the City’s Main East/West Thoroughfare | Adjacent to New Publix Supermarket Development
Surrounded by National Retailers: Kroger, Publix, Tractor Supply Company, McDonald’s, Burger King, Publix, Goodwill, Advance Auto Parts, O’Reilly Auto Parts, Ollie’s Bargain Outlet, Little Caesar’s, Sonic, AutoZone, Ace Hardware, US Bank, Marathon and Others
½ Mile to Owensboro-Daviess County Regional Airport and the Area’s Newest 480-Acre Industrial Park, MidAmerica Airpark
Owensboro is the Fourth-Largest City in Kentucky and the Principal City of the Owensboro MSA with a Population of 114,752. It is the Second-Largest City in the 30-County Tri-State Area Serving Over 900,000 Residents
Owensboro is Booming with $414 Million in Investments and 700 New Jobs in 2024 | The City is Recognized as the Barbecue Capital of the World and Home to the Bluegrass Music Hall of Fame & Museum
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,422 SF
Building Class
C
Year Built
1996
Price
$1,818,968
Price Per SF
$531.55
Cap Rate
6.10%
NOI
$110,957
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.82 AC
Zoning
Commercial
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-15-01-015-00-000 | Improvements Assessment | $684,400 |
| Land Assessment | $410,000 | Total Assessment | $1,094,400 |
Property Taxes
Parcel Number
004-15-01-015-00-000
Land Assessment
$410,000
Improvements Assessment
$684,400
Total Assessment
$1,094,400
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