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 |