Arby’s Bellevue, Ohio

$1,616,000
Cap Rate: 6.00%
Available
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 6.00%
Price: $1,616,000
Rentable Square Feet: 2,791
Annual Rent: $96,950
Price PSF: $579.00
Land Area: 0.55 Acres
Year Built/Renovated: 1997/2017
Lease Type: NNN
Lease Term: 20 Years
Option Periods: 3, 5-Year Options
Rent Increases: 1.5% Annually
Lease Expiration: 10/31/2037

625 West Main Street
Bellevue, OH 44811

Investment Highlights

  • 20-Year, Triple Net Lease with 19 years remaining
  • Roof was replaced in September 2017, with a 15-year Roof Warranty
  • Three, Five-Year Option Periods with 1.5 Percent Rental Increases Annually
  • Property was Remodeled in 2017 Costing Approximately $550,000
  • Lease is guaranteed by D&J Giesen Inc. Which Owns and Operates 10 Arby’s

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an Arby’s located in Bellevue, Ohio. Arby’s offers a new, 20-year, triple net lease with 19 years remaining on the base term. There are three, five-year renewal options with 1.5 percent rental increases annually throughout the base term and option periods. The subject property consists of a 2,791-square foot free-standing building, situated on a 0.55-acre parcel and underwent a roof replacement in 2017.

The lease is guaranteed by D&J Giesen Inc. which owns and operates 10 Arby’s restaurants throughout central and northeast Ohio. The lease is personally guaranteed by the operator.

The subject property is one and a half miles from Bellevue Hospital, which was named one of the Top 100 Places to Work in Healthcare by Modern Healthcare Magazine. The hospital employs more than 450 medical staff and has a combined 119 physicians. Arby’s in Bellevue is also located 50 miles southeast of Toledo and 72 miles southwest of Cleveland.

Michael Glass
District Manager
Lic. # BRK.2007005898
(216) 264-2050

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

For More Information, Download OM: Click Here

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card

Action Gator Tire - The Village FLPlease Submit your Email to Download.

Advance Auto - Jacksonville FLPlease Submit your Email to Download.

Arbys - Bellevue OHPlease Submit your Email to Download.

Arcadia Crossing - Arcadia FLPlease Submit your Email to Download.

CVS - Poulsbo WAPlease Submit your Email to Download.

Dairy Queen - Hereford TXPlease Submit your Email to Download.

Dollar General - Lakeland FLPlease Submit your Email to Download.

Download FilePlease Submit your Email to Download.

7-Eleven OM Boca Raton, FLPlease Submit your Email to Download.

Family Dollar Fresenius - Memphis TNPlease Submit your Email to Download.

Hallandale Plaza - Hallandale Beach FLPlease Submit your Email to Download.

McDonalds - Brooklyn NYPlease Submit your Email to Download.

Needham Gateway Shops - Needham MAPlease Submit your Email to Download.

OReilly Auto OM - Franklin Park ILPlease Submit your Email to Download.

OReilly Auto OM - Merrillville INPlease Submit your Email to Download.

Panera Bread - Fayetteville NCPlease Submit your Email to Download.

Panera Bread - Garner NCPlease Submit your Email to Download.

Panera Bread - Mesa AZPlease Submit your Email to Download.

Panera Bread - Midlothian VAPlease Submit your Email to Download.

Panera Bread - Suffolk VAPlease Submit your Email to Download.

Panera Bread - Tulsa OKPlease Submit your Email to Download.

Panera Bread - Woodstock ILPlease Submit your Email to Download.

Peter Piper Pizza OM - North Lauderdale FLPlease Submit your Email to Download.

Redevelopment Opportunity - Tallahassee FloridaPlease Submit your Email to Download.

River Region - Jacksonville FLPlease Submit your Email to Download.

Riverview Plaza - Riverview FLPlease Submit your Email to Download.

Sea Fan Plaza - Lauderdale by the Sea FLPlease Submit your Email to Download.

Shoppes on Old Dixie - Vero Beach FLPlease Submit your Email to Download.

Taco Bell - Chiefland FLPlease Submit your Email to Download.

Taco Bell - Hwy 90 - Lake City FLPlease Submit your Email to Download.

Taco Bell - Live Oak FLPlease Submit your Email to Download.

Taco Bell - MacClenny FLPlease Submit your Email to Download.

Taco Bell - Starke FLPlease Submit your Email to Download.

Taco Bell - SW Main - Lake City FLPlease Submit your Email to Download.

Tire Choice - Ocala FLPlease Submit your Email to Download.

Walgreens - Delray Beach FLPlease Submit your Email to Download.

Wendys OM - Zephyrhills FLPlease Submit your Email to Download.