Price: $2,906,253
Type: Free Standing
Occupancy: 100%
CAP Rate: 6.10%
Rentable Square Feet: 3,641SF = 338m2
Lot Sizes: 29,868SF = 2,784m2
NOI: $176,119/ year
Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including property taxes and insurance
Lease Term: 9 years remaining (Until 02/28/2025)
Rent Increase: 1% every year, next increase in August.
Extension: 2 - 5 Year Options
Guarantor: Corporate Guaranteed ( RTM – Corporate 3,400 locations. www.arbys.com)
Extras: Outparcel to a shopping center anchored by Publix and various retail stores.
Location: Great Location on the west side of Southside Blvd, approximately 7 miles of Jacksonville.