Arby's 1801 7th Ave SW

1801 7th Ave SW , Jamestown, North Dakota, 58401 | 3,313 sq.f | $ 2,659,269

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About This Restaurant

Investment Highlights

Placer AI Ranked Top 15% in the Nation. The only Arby?s within a 90-mile radius. Healthy Rent to Sales Ratio. Strategically and purposefully positioned directly off Interstate 94 (I-94) which spans east?west for 352.4 miles through North Dakota. Strong tenant, AES Restaurant Group operates over 187 Arby's locations nationwide. Long term 20-year lease with 10% rent increases every 5 years provide a strong hedge against inflation.

Executive Summary

Marcus & Millichap is proud to present a top performing Arby?s in Jamestown, ND. A brand new 20-year lease will be signed at closing, backed by AES Midwest LLC. AES Restaurant Group operates over 187+ Arby?s locations nationwide.Strategically and purposefully positioned directly off Interstate 94 (I-94) which spans east?west for 352.4 miles through North Dakota, this site is the only Arby?s available within a 90-mile radius.

Property Details

  • Sale Type    Investment NNN
  • Sale Condition    Sale Leaseback
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
  • Building Size    3,313
  • Building Class    C
  • Year Built    1985
  • Price    2,659,269
  • Price Per SF    803
  • Cap Rate    5.50
  • NOI    146,260
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.09
  • Land Acres    0.89 AC
  • Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Restaurant
  • Signage
  • Drive Thru
  • Monument Signage

Property Taxes

Parcel Number 74-6512800 Improvements Assessment $43,217
Land Assessment $177,595 Total Assessment $220,812
Date Created: 2024-07-16 04:16:24 Last Updated: 2024-07-16 04:16:24
Address: 1801 7th Ave SW , Jamestown, North Dakota, 58401