Friday, January 17, 2014

Arby’s Restaurant in La Vergne, Tennessee | 7.4% Cap Rate

Listing #10313173941.Listing Arby’s Restaurant in La Vergne, Tennessee | 7.4% Cap Rate
Status:For Sale

is pleased to offer FOR SALE this Corporate Arby’s, located in La Vergne, TN. This +/- 2,640 sq ft single tenant net lease property is located just off I-24 and is part of the Nashville Metro Area. The lease was executed in 1999, and has 6+ years remaining. In 2015 the rent will increase by 10%, and both 5 year options boast a 10% rental increase. In 2012, the tenant spent approximately $250,000 to renovate this location. This established and successful offering is priced at a 7.4% cap rate with current annual net income of $113,436.

Within a 5-mile radius, the population is 94,529 and has an average household income of $62,558. La Vergne is a large manufacturing center and is ranked 4th in the state of Tennessee for job seekers and is the fastest growing city in the state of Tennessee, according to the U.S. Census Bureau. The area is located next to the 14,000 acre Percy Priest Lake, and offers a wide range of outdoor activities, great shopping, and is also located near by numerous top-quality colleges and universities.

Arby’s is the second largest quick-service sandwich chain in the US with over 3,400 locations nationwide. Founded in Youngstown, OH in 1964, the company is now headquartered in Sandy Springs, GA and has over $1.26 Billion in revenue.

Please contact Sheree Strome or Keelee Peterson for more information.

Arby’s Restaurant in La Vergne, Tennessee | 7.4% Cap Rate

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