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Wabash, IN - Arby's

$1,250,000

1203 N Cass St, Wabash, IN 46992

Active
Last Updated: 09/10/2025

5.25

Cap Rate

65,689

NOI

Details:
Cap Rate:    5.25%
NOI:    $65,689
Building Size:    2,758 sqft
Lot Area:    1.36 acres
Occupancy:    100%
Year Built:    1986
Zoning:    GB: General Business
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)

Map:
Location
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