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Arby's 822 Cosby Hwy 4,301 SF Retail Building Newport, TN 37821 $4,465,000 ($1,038.13/SF) 5.80% Cap Rate
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
- 2 miles from Newport Medical Center | 88 beds
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,301 SF
Year Built
1988
Price
$4,465,000
Price Per SF
$1,038.13
Cap Rate
5.80%
NOI
$258,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.10 AC
Zoning
Commercial
Parking
63 Spaces (14.65 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 056I-H-009.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $304,520 |
PROPERTY TAXES
Parcel Number
056I-H-009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$304,520
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Arby's | 822 Cosby Hwy
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