Arby's Restaurant

689 Lexington-Springmill Road North, Ontario, OH

$1,812,900

Price

7.5%

Cap Rate

$135,964

NOI

Overview
Cap Rate
7.5%
NOI
$135,964
Building Size
3,662 sqft
Lot Area
1.34 acres
Lease Type
Double Net
Year Built
2004
Price Per Sqft
$563.54
Year Last Renovated
2004
Description

This is an excellent opportunity to purchase a property for $1,812,900 at 7.50% cap rate. This property has strong store sales and is an outparcel to the Richland Mall, a 733,000-sf sized mall that features over 50 specialty stores along with Avita Health System Ontario Hospital. The Avita has grown from approximately 450 employees in 2009 to over 1,800 employees who provide patient care in Crawford, Richland, and Marlon counties. Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,500 restaurants in eight countries generating $4 Billion in system sales.

Highlights
  • Arby's is the second-largest sandwich restaurant brand in the United States with more than 3,500 restaurants in eight countries generating $4 Billion in system sales.
  • Strong Store sales at this location!
  • Rent is reduced in option period resulting in very low rent to sales and high probablity of renewal based upon 2019 sales.
  • Out parcel to Richland Mall - includes over 50 specialty stores and Avita Health System Ontario Hospital.
  • In front of the property traffic counts average over 18,141 vehicles daily with an average household income over $101,000 in a 1-mile radius.
  • Part of the Mansfield MSA/Manfield is the county seat of Richland County.
Documents
Title
Arbys_-_Ontario__OH_MP.pdf
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Location
Gallery