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822 Cosby Hwy
Newport, TN 37821
Arby's · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute net lease | Zero landlord responsibilities
- Location ranks in the 98th percentile nationwide and in TN via Placer.ai | Top 60 store in the country out of 3,064 total locations
- Close proximity to I-40 & Cosby Hwy interchange | 55,525 VPD combined
- Long lease term | 19 years remaining
- Experienced Operator | Brumit Restaurant Group, LLC | 65 locations in NC, SC, & TN
- 5 minutes from Cocke County High School | 1,159 students
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Arby's in Newport, TN. We welcome your review of this attractive investment.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,288 SF
Year Built
1988
Price
$4,465,000
Price Per SF
$1,041.28
Cap Rate
5.80%
NOI
$258,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.10 AC
Zoning
C2
Parking
63 Spaces (14.65 Spaces per 1,000 SF Leased)
Frontage
106’ on Cosby Hwy
PROPERTY TAXES
| Parcel Number | 056I-H-009.00 | Improvements Assessment | $193,600 |
| Land Assessment | $64,200 | Total Assessment | $257,800 |
PROPERTY TAXES
Parcel Number
056I-H-009.00
Land Assessment
$64,200
Improvements Assessment
$193,600
Total Assessment
$257,800
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