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Arby's Net Lease Investment Opportunity | 6.5% Cap Rate

267 Washington Avenue
North Haven, CT 06473
PRICE : $2,215,230
CAP RATE: 6.5%
PROPERTY TYPE: Retail
SITE SIZE: 0.96 Acres
BUILDING SIZE: 2,616 SF
YEAR BUILT: 1979

Highlights

  • Corporate guaranteed Arby's NNN lease
  • Primary term runs through March 2027
  • Rent increases of 10% every 5 years
  • Four 5-year options
  • Located in a strong retail trade area with over 18,700 vehicles per day
  • Economic drivers in the area include the new Amazon Fulfillment Center and Quinnipiac University, both less than 2 miles from the subject property
  • North Haven is part of the New Haven MSA with a combined population of almost 900K
  • Broker of Record: Curtiss Clemens, CT License #0754145

Description

This corporate operated NNN Arby's in North Haven, Connecticut is an excellent STNL investment in a proven location. It is just off Interstate 91 and next door to a Best Western Plus hotel. Nearby traffic counts on Washington Avenue are 18,700 VPD. The store is guaranteed by Atlanta based Arby's Restaurant Group. The primary term runs through March 2027 and has 10% rent increases every 5 years, including the four 5-year renewal options. The absolute NNN lease ensures that there are no landlord responsibilities.

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