Arby’s • 851 US Highway 287
Decatur, TX
Status:
Sold
Close of Escrow: 02/14/2008
Market Time: 28 Days
Activity ID: O0210144
Year Built: 2007
Sale Price: $2,319,000
Price per Square Foot: $773.00
CAP Rate: 7.00%
Downpayment: $1,284,000 (55%)
Net Operating Income: $162,376
Rentable Square Feet: 3,000
Lot Size: 0.81 Acres
Lease Type: Absolute Net
Lease Term: 20 Years
Lease Term Interest: 1.5% Annually
Options: Four
Sales: $1.2M
Net Worth: $474M
Ownership: Public
No. of Locations: 1,000
This investment will be a new 20 Year Absolute NNN with a 7.00% Capitalization Rate. There are 1.5% rental increases every year and in option periods.
