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Arby's 3009 S Dirksen Pky 2,800 SF Retail Building Springfield, IL 62703 $1,170,000 ($417.86/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Operations Since 1988
- Sun Holdings is the parent company for Turbo Restaurants US LLC. Sun Holdings owns and operates over 1,800 restaurants across 27 States.
- Strong Performance - The tenant reports sales per the terms of the original lease, and the current rent-to-sales ratio stands at a healthy 8.5%
- Triple Net Lease (NNN) - Zero Landlord Responsibilities
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present the opportunity to acquire a strong-performing Arby’s restaurant situated on 0.64 acres with a 2,800-square-foot building. Arby’s has successfully operated at this location since 1988 and reports sales in accordance with the original lease terms, maintaining a healthy 8.5% rent-to-sales ratio. The lease has four (4) years remaining, along with two additional 5-year options, each featuring 10% rent increases every five (5) years. This is an absolute triple net lease with zero landlord responsibilities.
The property is an outparcel to the Capital City Shopping Center, adjacent to Panera Bread. It benefits from excellent visibility along S. Dirksen Pkwy, a primary commercial corridor, with traffic counts exceeding 12,941 vehicles per day. The area attracts a steady flow of visitors as the State Capital, drawing government workers, business travelers, and attendees of year-round events including the convention center across the street.
The property is an outparcel to the Capital City Shopping Center, adjacent to Panera Bread. It benefits from excellent visibility along S. Dirksen Pkwy, a primary commercial corridor, with traffic counts exceeding 12,941 vehicles per day. The area attracts a steady flow of visitors as the State Capital, drawing government workers, business travelers, and attendees of year-round events including the convention center across the street.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built
1988
Price
$1,170,000
Price Per SF
$417.86
Cap Rate
6%
NOI
$70,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.64 AC
Zoning
B-1 - Highway Business District
Parking
46 Spaces (16.43 Spaces per 1,000 SF Leased)
Frontage
165’ on S Dirksen Pky
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22-12.0-301-031 | Improvements Assessment | $130,985 |
| Land Assessment | $114,212 | Total Assessment | $245,197 |
PROPERTY TAXES
Parcel Number
22-12.0-301-031
Land Assessment
$114,212
Improvements Assessment
$130,985
Total Assessment
$245,197
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Arby's | 3009 S Dirksen Pky
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