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1408 W Main St
Fremont, MI 49412
Arby's · Retail Property For Sale
Investment Highlights
- Brand-New 5-Year Lease Extension – Tenant recently exercised a five-year lease extension after successfully operating at the location
- Absolute Triple Net (NNN) Lease – Zero landlord responsibilities, providing truly passive ownership
- Strong Store Sales – Healthy operating performance reinforces the tenant's long-term commitment to this location
- Drive-Thru Equipped Restaurant – Purpose-built Arby's restaurant featuring a drive-thru, an increasingly valuable characteristic
- Corporate Arby's Guarantee – Lease is backed by the corporate Arby's entity
- 10% Rental Increases Every Five Years – Contractual rent escalations provide consistent income growth and a hedge against inflation
Executive Summary
Brand-New 5-Year Lease Extension – Tenant recently exercised a five-year lease extension after successfully operating at the location for its original 20-year lease term, demonstrating a long-term commitment to the site.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,974 SF
Building Class
B
Year Built
2005
Price
$2,821,888 CAD
Price Per SF
$948.85 CAD
Cap Rate
6.75%
NOI
$190,477 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.29 AC
Zoning
LOCAL ZONE
Parking
30 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
26’ on Main St
Amenities
- Pylon Sign
- Drive Thru
Property Taxes
| Parcel Number | 17-03-147-008 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $535,167 CAD |
Property Taxes
Parcel Number
17-03-147-008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$535,167 CAD
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