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3393 Madison Pike 2,713 SF Retail Building Ft Wright, KY 41017 $1,100,000 ($405.46/SF) 5.85% Cap Rate
Investment Highlights
- Arby's New 20 Year NNN Lease
- Franchisee Operates 72 locations in 7 states.
- Located off Major Highway Exit and On Ramp.
- Long Time Operating Store.
- All 72 Stores are Operated in One Corporate LLC
- Located Across from Walmart and in Busy Retail, Restaurant and Business Area.
Executive Summary
Great Price Point and Sales Ratio.
Arby's NNN
Fort Wright, KY.
New 20 year lease with 20 years of Options
7% Rental Increases Every 5 Years.
Located Off I 275 and Madison Pike Major Highway Ramp. (4-5 lane Highway.
Across from Walmart and Many others.
Retail, Residential and Businesses
Arby's NNN
Fort Wright, KY.
New 20 year lease with 20 years of Options
7% Rental Increases Every 5 Years.
Located Off I 275 and Madison Pike Major Highway Ramp. (4-5 lane Highway.
Across from Walmart and Many others.
Retail, Residential and Businesses
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,713 SF
Building Class
C
Year Built
1993
Price
$1,100,000
Price Per SF
$405.46
Cap Rate
5.85%
NOI
$64,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.66 AC
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
156’ on Madison Pike Pike
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
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 End | ||
|
|
Accommodation and Food Services | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042-40-00-002.03 | Improvements Assessment | $425,000 |
| Land Assessment | $325,000 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
042-40-00-002.03
Land Assessment
$325,000
Improvements Assessment
$425,000
Total Assessment
$750,000
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3393 Madison Pike