Arby's Ground Lease | New 10 Yr Renewal 4300 S 27th St

4300 S 27th St , Lincoln, Nebraska, 68512 | 4,121 sq.f | $ 1,524,000

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About This Restaurant

Investment Highlights

10+ Years Remaining on Absolute Triple-Net (NNN) Ground Lease Strong Sales Location ? Tenant is the 2nd-Largest Arby's Franchisee with 121 Locations in 7 States Adjacent to Bishop Heights, a Mixed-Use Project Currently in Development that Will Feature Retail, Restaurants and Residential Annual Rental Increases with Multiple Renewal Options 212,002 Residents within a 5-Mile Radius - Households and Population Projected to Increase 5% in the Surrounding Area by 2028 Signalized Hard Corner Location Visible to More Than 51,000 Cars per Day at the Corner of Nebraska Parkway and South 27th Street

Executive Summary

Arby?s Restaurant Group, Inc. is the franchisor of the Arby?s Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, GA. Arby?s, founded in 1964, is the second largest sandwich restaurant brand in the world with more than 3,500 restaurants in nine countries.Lincoln, the capital city of Nebraska and the second-largest city in the state is situated in the southeastern part of Nebraska. It serves as the county seat of Lancaster County, and as of 2021, has a population of approximately 292,650.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    4,121
  • Building Class    C
  • Year Built/Renovated    1974/2024
  • Price    1,524,000
  • Price Per SF    370
  • Cap Rate    5.25
  • NOI    80,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.08
  • Land Acres    1.23 AC

Amenities

  • Pylon Sign
  • Drive Thru
Date Created: 2024-07-16 04:16:25 Last Updated: 2024-07-16 04:16:25
Address: 4300 S 27th St , Lincoln, Nebraska, 68512