Wabash, IN - Arby's
$1,250,000
1203 N Cass St, Wabash, IN 46992
5.25
Cap Rate
65,689
NOI
Details:
Description:
• The tenant recently exercised their first renewal option early, demonstrating long-term commitment to the site and resulting in more than 11 years of remaining lease term
• (4) remaining 5-year renewal options offer long-term income stability and extension potential
• Scheduled 5% rent increases every five years during the primary term and first two options, along with 1% annual increases during the remaining options, support steady NOI growth and offer a built-in hedge against inflation
• Lease is backed by a corporate guaranty from Arby’s Restaurant Group, Inc., a wholly owned subsidiary of Inspire Brands, one of the largest restaurant operators in the U.S. with over 33,000 locations nationwide
- Located in a dense retail corridor alongside national brands including McDonaldâ€s, AutoZone, Burger King, Wendyâ€s, and Dominoâ€s
- Within walking distance of Wabash Village, a Kroger-anchored shopping center featuring tenants such as Great Clips, H&R Block, and FedEx
- Less than one mile from a high-performing Walmart Supercenter attracting over 1.9 million annual visitors (Placer.ai)
Location

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