Share This Listing

Message

923 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • 11-Years Remaining | Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases
  • Dense Retail Corridor | Excellent Frontage Visibility Springfield High School (1,100+ Students)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Arby’s investment property located in Springfield, Tennessee. The tenant, Arby’s, recently extended their lease with 11 years remaining and 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 1.25% rental increases throughout the remainder of the term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,179 SF
Building Class
B
Year Built/Renovated
1987/2008
Price
$3,765,648 CAD
Price Per SF
$1,184.54 CAD
Cap Rate
5.10%
NOI
$192,023 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.67 AC
Zoning
C5
Parking
41 Spaces (12.9 Spaces per 1,000 SF Leased)
Frontage
109’ on Memorial Blvd

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

The Arby's brand purpose is Inspiring Smiles Through Delightful Experiences™. Arby's delivers on its purpose by celebrating the art of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, Ga. Arby’s, founded in 1964, is a leading sandwich drive-thru restaurant brand with restaurants globally.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100

Nearby Major Retailers

United Community Bank
Whitt's Barbecue
Waffle House
Krystal
Rent-A-Center
Bank of America
O'Charley's
Starbucks
Old Hickory Credit Union
Regions Bank

Property Taxes

Property Taxes

Parcel Number
080O-D-053.00
Land Assessment
$159,672 CAD
Improvements Assessment
$308,189 CAD
Total Assessment
$467,862 CAD
  • Listing ID: 40093437

  • Date on Market: 2026-04-09

  • Last Updated:

  • Address: 1303 Memorial Blvd, Springfield, TN 37172

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}