About This Restaurant
Investment Highlights
Executive Summary
CBRE is pleased to present an exclusive listing for the Arby?s located at 1521 State Route 7 S., Gallipolis, OH 45631. The site, (newly renovated in 2020), consists of 3,450 total square feet of building space and sits on 1.02 acres of land. The site will be subject to a 20-year sale-leaseback with A.E.S. Starting in year one, the base rent shall be $144,262. The lease will call for 10% rental escalations each five year period during the base term and throughout the four, five-year renewal option periods (40-year total term).
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 3,450
- Building Class C
- Year Built/Renovated 1999/2020
- Price 2,671,518
- Price Per SF 774
- Cap Rate 5.40
- NOI 144,262
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.02 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 007-051-050-11 | Improvements Assessment | $157,500 |
| Land Assessment | $210,000 | Total Assessment | $367,500 |
| Date Created: | 2024-07-16 04:18:07 | Last Updated: | 2024-07-16 04:18:07 |
| Address: | 1521 State Route 7 S , Gallipolis, Ohio, 45631 | ||