Log In/Sign Up
3915 E Ridge Rd
Highland, IN 46322
Arby's (New 15-Year Lease Extension) · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,030 SF
Building Class
C
Year Built/Renovated
1972/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.76 AC
Parking
56 Spaces (10 Spaces per 1,000 SF Leased)
About 3915 E RIDGE RD , HIGHLAND, IN 46322
Absolute NNN Leased Arby's restaurant to a very experienced franchisee with 23+ locations in the region. The tenant just recently decided to extend the lease early by committing to a new 15-year lease with 7.5% rent bumps every 5 years. Highland is only 21 miles from Chicago and the population within 5 miles of the subject property is 180,000 people. The store sales at this site have been consistently increasing year over year thus the reason for the tenant agreeing to extend the lease. Directly next door to the property People's Bank recently constructed a brand new bank branch.
Property Taxes
| Parcel Numbers | Improvements Assessment | $470,800 | |
| Land Assessment | $616,000 | Total Assessment | $1,086,800 |
Property Taxes
Parcel Numbers
Land Assessment
$616,000
Improvements Assessment
$470,800
Total Assessment
$1,086,800
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
