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t r a n s l a t e

Arby's Net Lease Investment Opportunity | 6.2% Cap Rate

267 Washington Avenue
North Haven, CT 06473
PRICE : $2,335,000
CAP RATE: 6.2%
PROPERTY TYPE: Retail
SITE SIZE: 0.96 Acres
BUILDING SIZE: 2,616 SF
YEAR BUILT: 1979

Highlights

  • Corporate guaranteed Arby's NNN lease
  • 7.5 years remaining on primary term
  • 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 and has seven and a half years remaining on the primary lease term. The lease 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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