 |
  Arby's
- RTM
| Make Offer
|  | | State
| MI |
| Sale price
| $ 1,720,169 |
| Cap Rate
| 6.50% |
| Lease Term
(Years) | 20.00 |
| Credit Rating
| Non-Rated |
| Net Worth
| 52.6 Million
| | Lease Type
| NNN |
| Landlord Responsibilities
| Net. Net. Net.
No landlord responsibilities. | | Property Type
| Retail |
| Guarantor | RTM Restaurant
Group | | Tenant Mix
| Single Tenant
| | Tenant Number
| |
| Tenant Web
Site | http://www.arbys.com/ |
| Tenant Information
| Based in Atlanta,
GA, the RTM entities (RTM, Inc) collectively, RTM Restaurant Group RTM, operates
1,065 restaurants (789 Arby's as of 8/03) in 41 distinct markets. RTM's portfolio
of restaurant concepts include Arby's Roast Beef Restaurant's, Lee's Famous Chicken,
Mrs. Winner's Chicken & Biscuits, Del Taco Mexican Restaurants, Sbarro, Pasta
Connection and TJ Cinnamon's. RTM continues to be the single largest franchised
restaurant operator in the world. | | Ticker Symbol
| |
| NOI | $ 111,811.00
| | Rent Adjustments
| Years 1-5: $111,811
Years 6-10: $122,922
Years 11-15: $135,291
Years 16-20: $148,820 |
| Percentage
Rent | N/A |
| Lease Renewal
Options | Two 5-year options
| | Lease Term
(Years) | 20.0 |
| Price per
Square Foot | $ 489.79 |
| Rent per Square
Foot | $ 31.83 |
| Property Status
| Available |
| Lease Commencement
| January 2005
| | Rent Commencement
| January 2005
| | Notes on Lease
| Net. Net. Net.
No landlord responsibilities. | | Square Feet
| 3,512 |
| Land Area
| 68,215 Sq.Ft.
| | Year Built
| 2005 |
| Year Rennovated
| |
| Existing Financing
| No |
| Loan Amount
| |
| Loan Term
| |
| Loan Rate
| |
| Balloon
| |
| Equity
| |
| Loan Assumption
Fee | |
| Loan Prepayment
Fee | |
| Cash on Cash
| |
| Debt Notes
| N/A |
You are currently viewing the Upland
listings as a member of the general public. You are invited to request
a password that will enable you to obtain more detailed information about
our properties. 1031investmentproperties.com
Version
5.5
1031 Property
1 |1031 Property 2 | 1031
Property 3 | | |
