About This Restaurant
Investment Highlights
Executive Summary
CBRE is pleased to present an exclusive listing for the Arby?s located at 7141 Durand Ave in Sturtevant, Wisconsin. The site consists of 3,000 total square feet of building space and sits on 1.3 acres of land. The site will be subject to a 20-year sale-leaseback with AES Restaurants. Starting in year one, the base rent shall be $110,657. The lease will call for 10% rental escalations each five-year period during the base term and throughout each, five-year period.
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding Fast Food
- Building Size 3,000
- Building Class C
- Year Built/Renovated 2000/2024
- Price 2,011,943
- Price Per SF 671
- Cap Rate 5.50
- NOI 110,657
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.05
- Land Acres 1.30 AC
Amenities
- Drive Thru
Nearby Amenities & Transportation
| Retail | ALDI | ||
| Retail | Texas Roadhouse | ||
| Retail | Panda Express | ||
| Retail | Pick 'N Save | ||
| Retail | Starbucks | ||
| Retail | Red Lobster | ||
| Retail | Buffalo Wild Wings | ||
| Retail | Olive Garden Italian Rstrnt | ||
| Retail | Summit Credit Union | ||
| Retail | Applebee's |
Property Taxes
| Parcel Number | 151-032226161071 | Improvements Assessment | $849,400 |
| Land Assessment | $349,200 | Total Assessment | $1,198,600 |
| Date Created: | 2024-07-16 04:25:43 | Last Updated: | 2024-07-16 04:25:43 |
| Address: | 7141 Durand Ave , Sturtevant, Wisconsin, 53177 | ||