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Arby’s | Triple Net (NNN) Lease

$1,100,000

2080 Indiana 3, North Vernon, IN 47265

Active
Last Updated: 05/03/2021

5.93

Cap Rate

65,179

NOI

Details:
Cap Rate:    5.93%
NOI:    $65,179
Building Size:    3,218 sqft
Lot Area:    0.74 acres
Year Built:    1990
Price Per Sqft:    $341.83
Year Last Renovated:    2018
Highlights:
  • Very Strong Store Sales - Please Contact Brokers For Sales Figures
  • Arby’s Has Been at This Location For Over 28 Years Showing Commitment to the Site
  • Fully Remodeled Store in 2018
  • Rare Percentage Rent Lease
  • Strategically Located as an Outparcel to the Orscheln Farm and Home Store With a Walmart Supercenter Next Door
  • Residents Within a 5-Mile Radius Are Earning an Average Household Income of $59,385 and Spend Approximately an Average of $6,349 on Food and Alcohol Per Household
  • Positioned in a High Traffic Area Near the Convergence of State Highways 3 and 7 Which Sees a Combined Traffic Count of Over 36,448 Vehicles Per Day
  • North Vernon Beverage Beer Distributor, Hilex North Vernon Plastic Fabrication, Martinrea International Auto Parts Manufacturer and the Lowes Distribution Center Are All Within 5 Minutes of This Location Providing For Ample Foot Traffic
  • Tripton Park is Located Less Than 2-Miles Away and Provides Over 50 Acres of Parkland Use With a Welcome Center, Trails, Outdoor Exercise Equipment, Disc Golf, Playgrounds, Pavilions, Fishing and an Amphitheater
  • North Vernon is 1.5 Hours West of Cincinnati and 1.5 Hours South of Indianapolis
  • Nearby Tenants Include: Taco Bel l , Pizza Hut , Subway, Family Dollar, Verizon, AutoZone, McDonald’s, Dairy Queen, Quality Inn, Hardee’s, Goodwill and More
Description:

We Are Pleased to Offer For Sale the 3,218 SF Arby’s Located at 2080 North State Road 3 in North Vernon, Indiana. This Deal Includes a Triple Net (NNN) Lease With a Rare Percentage Rent That is Corporately Guaranteed, Providing For a Secure Investment.


IN COOPERATION WITH: BRYAN CHANDLER IN Lic. # RB14027408
317.614.9402 | DIRECT bchandler@eclipsere.com
Eclipse Real Estate, Inc. - IN Lic. # CO10400057
6402 Cornell Avenue | Indianapolis, IN 46220
317.614.9400 | OFFICE

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