About This Restaurant
Investment Highlights
Single-tenant investment opportunity at 5.07% cap rate with NOI of $174,892 Absolute NNN lease with no expenses to the landlord Situated in the strong retail corridor next Gateway Mall, McDonald?s, Starbucks, Albertson?s and other retailers The tenant is the third largest franchisee in the Arby?s system with 87 restaurants in 2023 Single national tenant at 20-year initial term and 4 options to renew at 10% increase every 5 years The property is near routes 2 and 93 with great visibility, accessibility and high traffic counts (15,084 DTV at Glenwood Dr & US Highway 2)
Executive Summary
Golden Group Real Estate is proud to present an absolute NNN investment opportunity occupied by a national brand Arby?s - American fast-food sandwich restaurant chain. Food & Wine magazine called Arby?s ?America?s second largest sandwich chain (after Subway)?. The seller is AES Midwest LLC, a proud franchisee of 59 Arby?s restaurants and affiliate of AES Restaurant Group; the third largest franchisee in the Arby?s system with 87 restaurants in 2023.The subject property is situated in the northwest portion of the City of Kalispell, Flathead County, Montana. This well-maintained 3,241 SF free standing building, originally built in 1983 and thoughtfully renovated in 2000, is a prime asset for discerning investors. The retail building offers a 5% cap rate with NOI of $174,892. With a single national tenant committed for 20 years initial term with 4 renewal options at 5 year each with 10% escalations every 5 years, this absolute NNN property delivers a secure, hassle free investment. Don't miss out on the chance to secure a stable, income-generating asset with significant growth potential.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant Fast Food
- Building Size 3,241
- Building Class C
- Year Built/Renovated 1983/2000
- Price 3,450,000
- Price Per SF 1,064
- Cap Rate 5.07
- NOI 174,892
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.09
- Land Acres 0.80 AC
Property Taxes
Parcel Number | 07-3965-12-4-04-07-0000 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $1,011,500 |
Date Created: | 2024-07-16 04:16:22 | Last Updated: | 2024-07-16 04:16:22 |
Address: | 1210 Us Highway 2 W , Kalispell, Montana, 59901 |