Arby’s | Triple Net (NNN) Lease
$1,100,000
2080 Indiana 3, North Vernon, IN 47265
For Sale
Retail
Restaurant
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
Documents:
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Offering Memorandum |
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